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Emulex Corporation (ELX)

(NYSE: ELX)

Summary

EMULEX CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Emulex Corp. (ELX) Over the Proposed Sale of the Company to Avago Technologies Ltd. (AVGO)

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Emulex Corp. (“Emulex”) (NYSE: ELX) for potential breaches of fiduciary duties in connection with the sale of the Company to Avago Technologies Ltd. (“Avago”) (Nasdaq: AVGO) for approximately $606 million.  The Company’s stockholders will only receive $8.00 for each share of Emulex common stock they own.

The investigation focuses on whether Emulex’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Emulex’s shareholders.

If you own common stock in Emulex and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

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    Emulex Corporation (ELX)
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MergerInfo Request
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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Case Details

Date:

  • 02/26/2015

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