AUTH Authentec, Inc. (MM)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of AuthenTec, Inc. (“AuthenTec” or the “Company”) (NASDAQ: AUTH) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Apple Inc. (NASDAQ: AAPL) in an all-cash deal valued at approximately $350 million. Under the terms of the proposed transaction, AuthenTec stockholders will receive $8.00 in cash for each share of AuthenTec common stock they own.

Request more information now by clicking here: www.faruqilaw.com/AUTH. There is no cost or obligation to you.

Whether AuthenTec’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues AuthenTec’s shares and by how much this proposed transaction undervalues the Company to the detriment of AuthenTec’s shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in AuthenTec and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/AUTH or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Authentec, Inc. (MM) (NASDAQ:AUTH)
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From Jan 2025 to Feb 2025

Authentec, Inc. (MM) (NASDAQ:AUTH)
Historical Stock Chart
From Feb 2024 to Feb 2025