SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Entropic Communications, Inc . -ENTR
BALA CYNWYD, Pa., Feb. 5, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Entropic Communications, Inc. ("Entropic" or "the Company") (Nasdaq-ENTR-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to MaxLinear, Inc. ("MaxLinear").
Click here to learn more about the investigation http://brodsky-smith.com/885-entr-entropic-communications-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Entropic shareholders will receive only $1.20 in cash and 0.22 of a MaxLinear common share for each share of Entropic stock they own. The transaction values Entropic stock at only approximately $3.01 per share. The investigation concerns whether the Board of Entropic breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether MaxLinear is underpaying for Entropic. The transaction may undervalue Entropic and will result in a loss for many Entropic shareholders. For example, Entropic stock traded at $4.73 per share as recently as March 4, 2014 and traded at $13.26 per share on January 4, 2011. In addition, an analyst has set a $5.00 per share price target for Entropic stock.
If you own shares of Entropic 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 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, by visiting http://brodsky-smith.com/885-entr-entropic-communications-inc.html, 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.
SOURCE Brodsky & Smith, LLC
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