WAYNE, Pa., May 29, 2015 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of Broadcom Corp. ("Broadcom" or the "Company")
(NASDAQ: BRCM) concerning possible breaches of fiduciary duty and
other violations of law related to the Company's efforts to sell
the Company to Avago Technologies Limited in a transaction valued
at approximately $37 billion.
If you own shares of Broadcom and would like to learn more about
this class action or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/brcm. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of Broadcom will
have the ability to elect to receive, for each Broadcom share held:
(i) $54.50 in cash; (ii) 0.4378
ordinary shares in a newly-formed Singapore 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.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Broadcom for not acting in the Company's shareholders' best
interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas,
LLP
Richard A. Maniskas,
Esquire
995 Old Eagle School Rd., Suite
311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/brcm
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP