CLEVELAND--(BUSINESS WIRE)--The Peiffer Rosca Wolf law firm is investigating potential claims against the Board of Directors of Vitesse Semiconductor Corporation (“Vitesse” or the “Company”) (NASDAQ:VTSS) concerning the proposed acquisition of the Company by Microsemi Corporation (“Microsemi”) (NASDAQ:MSCC). Under the terms of the definitive agreement, Vitesse stockholders will receive $5.28 in cash for each share of Vitesse common stock they own, valuing the transaction at approximately $389 million.
A copy of the merger announcement and a copy of the Agreement and Plan of Merger can be obtained at www.vitesseinvestigation.com.
The investigation concerns whether the Vitesse Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock. According to Barron’s columnist Tiernan Ray, David Williams and Cody Acree with Ascendiant Capital Markets cut Vitesse shares to a Hold and “think the price is a bit low relative to what they think the stock should have fetched.” http://blogs.barrons.com/techtraderdaily/2015/03/19/vitesse-microsemi-deal-inexpensive-says-asciendiant-brcm-mrvl-could-bid/?mod=yahoobarrons&ru=yahoo
If you are a Vitesse stockholder and wish to obtain additional information about the investigation or discuss about this matter, please visit www.vitesseinvestigation.com or contact Alan Rosca or James Booker toll free at 888-998-0520 or by email at email@example.com, or by filling out the contact form on our website, www.vitesseinvestigation.com.
The Peiffer Rosca Wolf Abdullah Carr & Kane law firm (“Peiffer Rosca Wolf”) represents individual and institutional investors who have suffered financial losses as a result of investment fraud or misconduct, Ponzi schemes, unsuitable investment recommendations, or abusive practices in the financial industry.
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