Faruqi & Faruqi, LLP Announces the Investigation of Altera Corporation (ALTR) Over the Fairness of the Proposed Sale of the Company to Intel Corporation in a Cash Deal
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Altera Corp. ("Altera" or the "Company") (NasdaqGS: ALTR) for potential breaches of fiduciary duties in connection with the sale of the Company to Intel Corporation (NasdaqGS: INTC) in a deal valued at approximately $16.7 billion. The Company's stockholders will only receive $54 per share in cash in exchange for each share of Altera common stock they own.
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