BALA CYNWYD, Pa., Nov. 21, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Applied Micro
Circuits Corporation ("Applied Micro" or "the Company") (Nasdaq-
AMCC-News) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to MACOM Technology Solutions Holdings, Inc. ("MACOM").
Click here to learn more
http://www.brodskysmith.com/cases/applied-micro-circuits-corporation-nasdaq-amcc/,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Applied Micro shareholders
will receive only approximately 0.1089 of a share of MACOM stock
and $3.25 in cash for each share of
Applied Micro stock they own. The transaction values Applied Micro
at only approximately $8.36 per
share. The investigation concerns whether the Board of
Applied Micro breached their fiduciary duties to shareholders
and whether MACOM is underpaying for the Company. The transaction
may undervalue the Company and would result in no real gain for
many Applied Micro shareholders. For example, Applied Micro stock
traded at $8.03 per share on
June 18, 2015 and an analyst has set
an $11.00 per share price target for
Applied Micro stock.
If you own shares of Applied Micro stock and wish to discuss the
legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation by visiting
http://www.brodskysmith.com/cases/applied-micro-circuits-corporation-nasdaq-amcc/,
or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky
& Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC
