Science & Technology
Fri, December 2, 2011 
NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of Magma Design Automation, Inc. (aMagmaa or the aCompanya) (NASDAQ: LAVA) concerning the proposed acquisition of the Company by Synopsis, Inc. (aSynopsisa) in a transaction valued at $507 million.
On December 1, 2011, Magma announced that it had entered into a definitive merger agreement pursuant to which the Company will be acquired by Synposis. Under the terms of the agreement, Magma shareholders will receive $7.35 per share in cash. Magma stock has closed as high as $8.45 per share as recently as July 7, 2011. Moreover, at least one analyst has set a price target of $11.00 per share for Magma stock.
Our investigation concerns whether the board of directors has breached its fiduciary duties by failing to adequately shop the Company and whether the board undertook a fair process and obtained fair consideration for Magma stockholders.
If you own Magma shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Daniella Quitt, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: [ bsachsmichaels@hfesq.com ]
Website: [ http://www.hfesq.com ]
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ([ http://www.hfesq.com ]) for more information about the firm.
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.
