Kirby McInerney LLP is investigating potential claims against the Board of Directors of LSI Corporation (“LSI” or the “Company”) (NASDAQ:LSI) concerning the proposed acquisition of the Company by Avago Technologies Limited (“Avago”) (NASDAQ:AVGO). Under the terms of the definitive merger agreement, LSI stockholders will receive $11.15 in cash for each share of LSI owned, valuing the transaction at approximately $6.6 billion.
The investigation concerns whether the LSI Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the $11.15 per share proposed consideration adequately values LSI’s common stock.
If you are an LSI stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or by telephone at (212) 699-1145 or (888) 529-4787. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
Contacts:
J. Brandon Walker, Esq., 212-699-1145
888-529-4787
bwalker@kmllp.com
