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Finkelstein Thompson LLP Announces Investigation of Virage Logic Corp.

^{Published on 2010-06-10 13:30:26 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Virage Logic Corp. ("Virage" or the "Company") (Nasdaq:VIRL) arising from the Company's announcement of its intent to be acquired by Synopsys Inc. ("Synopsys"). Under the terms of the agreement, Virage shareholders will receive $12.00 in cash for every share of Virage stock they own in a transaction with an aggregate value of approximately $315 million.

The investigation is focused on the potential unfairness of the consideration to Virage's shareholders and the process by which Virage's Board of Directors considered and approved the transaction. Specifically, at least one analyst has set a high target price of $15.85 per share for the Company's stock, and even the lowest analyst target price is $13.00 per share.

If you are interested in discussing your rights as a Virage shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 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-lead 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 web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.