Faruqi & Faruqi, LLP Announces the Investigation of Broadcom Corporation (BRCM) Over the Proposed Sale of the Company to Avago Technologies
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Broadcom Corporation (“Broadcom” or the “Company”) (NASDAQ: BRCM) for potential breaches of fiduciary duties in connection with the sale of the Company to Avago Technologies for approximately $37 billion.
Broadcom shareholders will have several options for the consideration they opt to receive, including: (i) $54.50 in cash; (ii) 0.4378 ordinary shares in a newly-formed Singaporean holding company ("HoldCo"); (iii) a restricted equity security that is the economic equivalent of 0.4378 ordinary shares of HoldCo that will not be transferable or saleable for a period of one to two years after closing; or (iv) a combination thereof.
The values offered are less than at least one Broadcom price target, which is set at $63.00. Moreover, the Company’s stock has traded at higher than $54.50 over the past year.
If you own common stock in Broadcom and wish to obtain additional information and protect your investments free of charge, please visit fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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