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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Virage Logic Corporation

^{Published on 2010-06-11 18:20:08 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Virage Logic Corporation (aViragea or the aCompanya) (NASDAQ:VIRL) related to the Companya™s agreement to be acquired by Synopsys, Inc. (aSynopsysa). The proposed cash transaction is valued at approximately $315 million.

Under the terms of the agreement entered into by the parties, Synopsys will pay Virage shareholders $12.00 in cash for share of Virage stock they own. After the closing of the proposed transaction, Virage will become part of Synopsys, and Virage stock will cease trading. The transaction is expected to close in the fourth quarter of Synopsysa™ fiscal 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by the Virage board of directors.

If you own shares of Virage, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].