BALA CYNWYD, Pa., May 28, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Broadcom
Corporation. ("Broadcom" or "the Company") (Nasdaq -BRCM-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Avago
Technologies Limited ("Avago").
Click here to learn more about the investigation
http://brodsky-smith.com/947-brcm-broadcom-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Broadcom shareholders will
receive only $54.50 in cash, or
0.4387 of a share of the newly-formed company, or a combination
thereof, for each share of Broadcom stock they own. The
investigation concerns whether the Board of Broadcom breached
their fiduciary duties to shareholders and whether Avago is
underpaying for Broadcom. The transaction may undervalue Broadcom
and will result in a loss for many Broadcom shareholders. For
example, Broadcom stock traded at $57.16 per share as recently as May 27, 2015 and an analyst has set a
$60.00 per share price target for
Broadcom stock.
If you own shares of Broadcom and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/947-brcm-broadcom-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-brodsky--smith-llc-announces--investigation-of-the-board-of-directors-of-broadcom-corporation--brcm-300090683.html
SOURCE Brodsky & Smith, LLC