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AuthenTec, Inc. (AUTH)



Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of AuthenTec, Inc. (AUTH)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of AuthenTec, Inc. (“AuthenTec” or the “Company”) (NASDAQ: AUTH) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Apple Inc. (NASDAQ: AAPL) in an all-cash deal valued at approximately $350 million. Under the terms of the proposed transaction, AuthenTec stockholders will receive $8.00 in cash for each share of AuthenTec common stock they own.

Whether AuthenTec’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 AuthenTec’s shares and by how much this proposed transaction undervalues the Company to the detriment of AuthenTec’s

If you own common stock in AuthenTec and wish to obtain additional information and protect your investments free of charge, 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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  • Company:
    AuthenTec, Inc. (AUTH)

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Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


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