Vitesse Semiconductor Shareholder Alert - National Securities Law Firm Seeks Higher Price for Shareholders in Connection with Acquisition. Encourages Shareholders to Contact Law Firm for More Information
NEW YORK, March 18, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Vitesse Semiconductor Corp. (NASDAQ: "VTSS") ("Vitesse" or the "Company") on behalf of its shareholders. Microsemi Corporation and Vitesse announced that Microsemi has entered into a definitive agreement to acquire Vitesse for $5.28 per share in cash.
Our investigation has determined that the offer price of only $5.28 per share unfairly under-values the true going forward inherent value of the Company and that shareholders are not receiving the maximum value for their shares. Indeed, analysts have projected that the Company is worth at least $6 per share, and Microsemi expects significant synergies from this transaction and expects to see immediate accretion in the first full quarter of completion. The investigation further seeks to determine whether senior management of Vitesse are acting in their own self-interests at the expense of shareholders. Microsemi has received support agreements from Vitesse stockholders holding approximately 22 percent of Vitesse's outstanding shares.
If you are a shareholder of Vitesse and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]
www.tripplevy.com/participate-in-an-action
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America." Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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