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Kendall Law Group Investigates Atheros Communications Inc. Acquisition for Shareholders

^{Published on 2011-01-05 18:00:38 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Atheros Communications Inc. (NASDAQ: ATHR) for shareholders in connection with the proposed acquisition by Qualcomm Inc. The national securities firma™s investigation seeks to determine whether Atheros and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Atheros shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

"shares have climbed about 50 percent off their lows in September as the outlook for business and consumer technology spending has improved."

On January 5, 2011, the companies announced the definitive merger agreement under which Atheros would be acquired by Qualcomm, in a transaction valued at approximately $3.1 billion. Under the terms of the agreement, Atheros stockholders will receive $45.00 in cash for each share of Atheros/ATHR common stock. The New York Times reported that the Atheros ashares have climbed about 50 percent off their lows in September as the outlook for business and consumer technology spending has improved.a The firma™s investigation seeks to determine whether the transaction provides proper value for Atheros shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.