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Buyout of Atheros Communications Investigated by Tripp Levy PLLC on behalf of Atheros Shareholders

  //science-technology.news-articles.net/content/2 .. levy-pllc-on-behalf-of-atheros-shareholders.html
  Published in Science and Technology on Wednesday, January 5th 2011 at 14:40 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Atheros Communications, Inc. (NASDAQ: ATHR) by Qualcomm Inc. (NASDAQ: QCOM). Qualcomm has entered into a definitive agreement to purchase Atheros for $45 per share in cash, representing an enterprise value of $3.1 billion. Atheros' current president and CEO, Dr. Craig H. Barratt, is expected to join Qualcomm as president of Qualcomm Networking & Connectivity.

The investigation concerns, among other things, whether the consideration to be paid to Atheros shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Atheros. The investigation further concerns whether the board of directors of Atheros may have breached their fiduciary duties by not acting in Atheros shareholders' best interests in connection with the sale process of Atheros.

If you own Atheros common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

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