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Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Atheros Communications, In


Published on 2011-01-05 18:40:30 - Market Wire
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BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Atheros Communications, Inc. (aAtherosa or the aCompanya) (Nasdaq: ATHR) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Qualcomm Incorporated. Under the terms of the proposed transaction, Atheros shareholders are to receive $45.00 in cash for each share they own, for a total enterprise value of approximately $3.1 billion.

The investigation involves whether the Board of Directors of Atheros breached their fiduciary duties to Atheros stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Atheros has disclosed all material information to shareholders about the proposed transaction. Specifically, Atheros shares traded above $43.00 per share in April 2010, and since September 10, 2010, shares have increased over 50% in value leading up to the announcement of the transaction. Further, Atheros' current president and CEO, Dr. Craig H. Barratt, is expected to join Qualcomm as president of Qualcomm Networking & Connectivity.

If you own stock in Atheros and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [ jstein@jonathansteinlaw.com ] or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L.represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, [ www.jonathansteinlaw.com ], and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.

Jonathan M. Stein, Esq.
Law Office of Jonathan M. Stein, P.L.
120 E. Palmetto Park Rd., Suite 420
Boca Raton, FL 33432
(561) 961-2244

[ jstein@jonathansteinlaw.com ]

[ www.jonathansteinlaw.com ]

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