Faruqi & Faruqi, LLP Announces Investigation of NetLogic Microsystems, Inc. (NETL)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of NetLogic Microsystems, Inc. (“NetLogic” or the “Company”) (NASDAQ: NETL) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Broadcom Corp. (NASDAQ: BRCM) in an all-cash deal valued at about $3.7 billion. Under the terms of the proposed transaction, NetLogic stockholders will receive $50 in cash per each share of NetLogic they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $54 for NetLogic.
Whether NetLogic’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues NetLogic’s shares and by how much this proposed transaction undervalues the Company to the detriment of NetLogic’s shareholders are the key focus of this investigation.
If you own common stock in NetLogic and wish to obtain additional information, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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