N🟁N

Law Firm Brower Piven Announces Investigation of NetLogic Microsystems Inc.

  //science-technology.news-articles.net/content/2 .. -investigation-of-netlogic-microsystems-inc.html
  Published in Science and Technology on Monday, September 12th 2011 at 12:12 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

STEVENSON, Md.--([ BUSINESS WIRE ])--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of NetLogic Microsystems Inc. (aNetLogica) (NASDAQ: NETL) and other violations of state law by the board of directors of NetLogic relating to the proposed acquisition of the company by Broadcom Corp. (aBroadcoma). The firma™s investigation seeks to determine, among other things, whether the board breached their fiduciary duties by failing to maximize shareholder value.

On September 12, 2011, NetLogic and Broadcom jointly announced that it had entered into a definitive merger agreement pursuant to which Broadcom will acquire NetLogic for $50.00 per share in cash. Although the merger price represents approximately a 57% premium, according to Bloomberg, at least one analyst recently set a high price target of $54.00 per share of NetLogic common stock.

If you currently own shares of NetLogic and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at [ hoffman@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.