SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of Emulex Corporation (NYSE: ELX) breached their fiduciary duties in connection with the planned merger of the Company with Avago Technologies Limited. Emulex provides network connectivity, monitoring and management products for networks that support enterprise, cloud, government and telecommunications worldwide.
On February 25, 2015, Emulex and Avago announced that they had entered into a definitive merger agreement. Under the terms of the agreement, Emulex shareholders will receive $8.00 per share in cash for each Emulex common share held. The proposed transaction is subject to regulatory approval.
The investigation concerns whether the Emulex board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. Avago expects the transaction of Emulex to be immediately accretive to non-GAAP earnings per share.
If you are a shareholder of Emulex and believe that the proposed buyout price is too low and you are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.