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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of ADC Telecommunications, Inc.

^{Published on 2010-07-13 18:40:34 - 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 ADC Telecommunications, Inc. (aADCa or the aCompanya) (NASDAQ:ADCT) related to the Companya™s agreement to be acquired by Tyco Electronics, Ltd. (aTycoa). The proposed cash transaction is valued at approximately $1.25 billion.

Under the terms of the definitive agreement entered into by the parties, Tyco will acquire ADC for $12.75 per share in cash. The transaction is structured as a tender offer to be followed as soon as possible by a merger, and is expected to close in the fourth quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by ADCa™s board of directors.

If you own shares of ADC, 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 ].