Science & Technology
Science and TechnologyScience and Technology 
Mon, September 12, 2011
Harwood Feffer LLP Announces Investigation of NetLogic Microsystems,;; Inc.
NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of NetLogic Microsystems, Inc. ("NetLogic" or the "Company") (NASDAQ: NETL) concerning the proposed acquisition of the Company by Broadcom Corp. (NASDAQ: BRCM) in a transaction valued at approximately $3.7 billion.
On September 12, 2011, NetLogic and Broadcom announced that they had entered into a definitive merger agreement pursuant to which NetLogic would be acquired by Broadcom. Under the terms of the agreement, NetLogic stockholders will receive $50.00 in cash for each share of NetLogic common stock held. Our investigation concerns whether the board of directors undertook a fair process to obtain fair consideration for all stockholders of the Company.
NetLogic has experienced strong growth. According to the Company website, the Company grew 119% year-over-year between 2009 and 2010. In 2011, the share price jumped from $24.21 on September 12, 2011 to $43.13 on May 2, 2011. At least one analyst has set a target price for NetLogic stock of $54.00.
If you own shares of Venoco and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Daniella Quitt, Esq. at [ dquitt@hfesq.com ] or Benjamin Sachs-Michaels at [ bsachsmichaels@hfesq.com ]. You may also call them at (877) 935-7400. For more information about class actions, or to sign up online, please visit our website: [ www.hfesq.com ].
Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.