SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Emulex Corp. And Encourages Investors To...
28 February 2015 - 9:00PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Emulex Corporation (“Emulex” or
the “Company”) (NYSE: ELX) relating to the proposed buyout of the
Company by Avago Technologies Limited (“Avago”).
On February 25, 2015, Emulex and Avago announced the signing of
a definitive agreement pursuant to which Avago will acquire Emulex
in a transaction valued at approximately $606 million. Under the
terms of the transaction, Emulex shareholders are anticipated to
receive $8.00 in cash for each share of Emulex common stock
held.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to 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.
If you currently own common stock of Emulex and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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