BALA CYNWYD, Pa., July 30, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of AuthenTec, Inc.
("AuthenTec" or the "Company") (Nasdaq- AUTH) relating to the
proposed acquisition by Apple, Inc. ("Apple").
Under the terms of the transaction, AuthenTec shareholders would
receive only $8.00 in cash for each
share of AuthenTec stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of AuthenTec for not acting in the
Company's shareholders' best interests in connection with the sale
process to Apple. The transaction may undervalue the Company as
AuthenTec stock closed at $8.45 per
share on July 30, 2012. In addition,
it has been reported that other buyers may be interested in
AuthenTec.
If you own shares of AuthenTec stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation 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 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/461-auth-authentec-inc.html, or by calling
toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC
