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Finkelstein Thompson LLP Announces Investigation of Atheros Communications Inc.

^{Published on 2011-01-06 09:35:33 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Atheros Communications Inc. (aAtherosa or the aCompanya) (Nasdaq: ATHR) concerning its potential acquisition by Qualcomm Inc. Under the terms of the offer, Atheros shareholders will receive $45.00 in cash for each share of Atheros common stock owned. The transaction is valued at approximately $3.1 billion.

The investigation is focused on the potential unfairness of the deal price to Atherosa™ shareholders, the process by which Atherosa™ directors considered the transaction, and potential conflicts of interests on the part of Atheros board members. In April 2010, Atheros stock traded at over $43 per share. Additionally, Atherosa™ current president and CEO, Dr. Craig H. Barratt, is expected to be appointed as the president of Qualcomm Network & Connectivity after the acquisition closes.

If you are interested in discussing your rights as an Atheros shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.