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The Briscoe Law Firm and Powers Taylor,;; LLP Announce Investigation of NetLogic Microsystems,;; Inc.

^{Published on 2011-09-12 09:13:10 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the acquisition of NetLogic Microsystems, Inc. (aNetLogica or aNETLa) (NASDAQ: NETL) by Broadcom Corporation for NetLogic shareholders. Under the proposed buyout, NetLogic shareholders will receive $50.00 in cash for each share of NetLogic/NETL stock owned.

"We are investigating the fairness of the proposed transaction to NetLogic shareholders, whether the shareholders are being underpaid for their stock, and whether NetLogica™s Board of Directors acted in the shareholdersa™ best interest"

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The definitive acquisition agreement involves an all cash transaction valued at approximately $3.7 billion. The transaction is expected to be completed in the first half of 2012.

aWe are investigating the fairness of the proposed transaction to NetLogic shareholders, whether the shareholders are being underpaid for their stock, and whether NetLogica™s Board of Directors acted in the shareholdersa™ best interest,a said shareholder rights attorney Willie Briscoe. In particular, according to Thompson/First Call, analysts have set a target price for NetLogic/NETL shares as high as $54.00 per share. Further, as recently as July 1, 2011, NetLogic shares closed at $41.43 per share. aBased on these and other factors, we believe that the transaction undervalues the inherent value of NetLogic stock, and our anticipated lawsuit will seek to obtain the highest share price for all shareholders,a said Willie Briscoe.

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.