An investigation for investors in Applied Micro Circuits shares was announced over the acquisition of Applied Micro Circuits Corporation by MACOM Technology Solutions Holdings, Inc for a value of approximately $8.36 per share.
Investors who purchased shares of Applied Micro Circuits Corporation (NASDAQ:AMCC) and currently hold any of those NASDAQ:AMCC shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Applied Micro Circuits Corporation directors breached their fiduciary duties owed to NASDAQ:AMCC investors in connection with the proposed acquisition.
On November 21, 2016, MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) announced it has entered into an agreement to acquire Applied Micro Circuits Corporation (NASDAQ:AMCC) for approximately $8.36 per share, consisting of $3.25 in cash and 0.1089 MACOM shares per share of Applied Micro. Based on MACOM’s closing stock price on November 18, 2016, Applied Micro shareholders would have received compensation valued at approximately $8.36 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ:AMCC stockholders. More specifically, the investigation concerns whether the Applied Micro Circuits Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On December 14, 2016, NASDAQ:AMCC shares closed at $8.40 per share.
Those who are current investors in NASDAQ:AMCC shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego