NEW YORK, May 28, 2015 /PRNewswire/ -- Juan E. Monteverde,
a partner at 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.
Click here for more information:
www.faruqilaw.com/BRCM. There is no cost or obligation to
you.
The investigation focuses on whether Broadcom's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Broadcom's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
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If you own common stock in Broadcom and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/BRCM or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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Faruqi, LLP (www.faruqilaw.com). Prior results do not
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matter. We are happy to discuss your particular case.
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