Finkelstein Thompson LLP Investigates Potentially Unfair Buyout of Broadcom Corporation
May 29 2015 - 5:37PM
Business Wire
The law firm of Finkelstein Thompson LLP is investigating
potential claims on behalf of shareholders of Broadcom
Corporation (“Broadcom” or the “Company”) (NASDAQ GS: BRCM),
concerning the Company’s proposed acquisition by Avago Technologies
Limited (“Avago”) (NASDAQ GS: AVGO). Under the terms of the
proposal, Broadcom shareholders will receive (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. At least one
analyst has set a high target price of $65.00 for Broadcom shares.
The entire transaction is valued at approximately $37
billion.
The investigation is focused on whether Broadcom’s Board of
Directors breached its fiduciary duty in failing to maximize
consideration to shareholders, the potential unfairness of the
consideration to shareholders, the process by which the Board of
Directors considered the transaction, and potential conflicts of
interest among the Broadcom’s Board of Directors’ members.
If you are interested in discussing your rights as a Broadcom
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson’s Washington, DC offices at
(877) 337-1050 or (202) 337-8000, or by email
at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or
co-counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
website at www.finkelsteinthompson.com. Attorney advertising.
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Finkelstein Thompson LLPRosalee B. C. Thomas,
877-337-1050rbcthomas@finkelsteinthompson.com