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Faruqi & Faruqi, LLP Investigates the Acquisition of ADC Telecommunications, Inc. - ADCT

^{Published on 2010-07-20 13:30:40 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading New York securities firm, is investigating the Board of Directors of ADC Telecommunications, Inc.(aADCT" or the "Company") (Nasdaq: ADCT) in connection with their attempt to sell the Company to Tyco Electronics, Ltd. ("Tyco") (NYSE:TEL). Under the terms of the transaction, ADCT shareholders will only receive $12.75 in cash for each ADCT share of common stock they own. The transaction is structured as a tender offer, which may avoid the need for ADCT shareholders to vote to approve the transaction.

The investigation concerns whether the ADCT Board of Directors breached their fiduciary duties to ADCT stockholders by to conduct an open auction sales process to sell the Company before entering into this transaction, whether Tyco is underpaying for ADCT shares to the detriment of ADCT shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in ADCT and wish to obtain additional information, please visit us at [ http://www.faruqilaw.com/merger.php ] or contact Juan E. Monteverde, Esq. either via email at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising.(C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.