Tue, December 6, 2011
Mon, December 5, 2011
Sun, December 4, 2011
Sat, December 3, 2011
Fri, December 2, 2011
Thu, December 1, 2011
[ Thu, Dec 01st 2011 ]: Market Wire
Star Extends Term of Warrants
[ Thu, Dec 01st 2011 ]: Market Wire
Mortgage Rates Inch Higher
Wed, November 30, 2011
Tue, November 29, 2011

Tripp Levy PLLC Announces Investigation of Magma Design Automation, Inc.


  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. nvestigation-of-magma-design-automation-inc.html
  Print publication without navigation Published in Science and Technology on by Market Wire
          🞛 This publication is a summary or evaluation of another publication

Tripp Levy PLLC Announces Investigation of Magma Design Automation, Inc. -- NEW YORK, Dec. 2, 2011 /PRNewswire/ --

Tripp Levy PLLC Announces Investigation of Magma Design Automation, Inc.

[ ]

NEW YORK, Dec. 2, 2011 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm announces that it is investigating potential claims against the board of directors of Magma Design Automation, Inc. ("Magma" or the "Company") (Nasdaq: [ LAVA ]) concerning possible breaches of fiduciary duty and other violations of law related to the Company's entry into an agreement to be acquired by Synopsys, Inc. ("Synopsys") in a transaction with an approximate value of $507 million, net of cash and debt acquired.

Under the proposed agreement, Synopsys will acquire all of the outstanding shares of Magma for $7.35 per share in cash.

The investigation concerns whether Magma's board of directors adequately shopped the Company to obtain the best price possible for Magma's shareholders before entering into the agreement with Synopsys. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $11.00 per share for Magma stock. Moreover, on December 1, 2011, Magma reported revenue of $38.3 million for its fiscal 2012 second quarter ended Oct. 30, 2011, up 13 percent from the $33.9 million reported in the year-ago second quarter.

If you own Magma common stock and would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact

Tripp Levy PLLC

Toll Free:  877-772-3975

Email: [ contact@tripplevy.com ]

Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE Tripp Levy PLLC

[ Back to top ]

RELATED LINKS
[ http://www.tripplevy.com ]


Publication Contributing Sources