Faruqi & Faruqi, LLP Announces the Investigation of QLogic Corp. (QLGC) Over the Proposed Sale of the Company to Cavium, Inc.
Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of QLogic Corp. (“QLogic” or the “Company”) (NASDAQ:QLGC) for potential breaches of fiduciary duties in connection with the sale of the Company to Cavium, Inc. (“Cavium”) for approximately $1.36 billion.
The Company’s stockholders will only receive $11.00 in cash and 0.098 shares of Cavium common stock for each share of Company common stock they own. Based on the closing price on June 20, 2016, the transaction values QLogic stock at a price of $14.90 per share.
If you own common stock in QLogic and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Nadeem Faruqi, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 971-1341.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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