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Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Atheros Communications, Inc. (“Atheros” or the “Company”) [NASDAQ:ATHR] arising out of the proposed acquisition of Atheros by Qualcomm Incorporated (“Qualcomm”).
On Wednesday, January 5, 2011, Qualcomm and Atheros announced that Qualcomm will acquire Atheros pursuant to an all cash offer. Under the terms of the agreement, Atheros stockholders will receive cash of $45 in exchange for each share of Atheros common stock. However, the Company may not have adequately shopped itself before entering into this transaction and, pursuant to this proposed transaction, Qualcomm may be underpaying for Atheros, thus unlawfully harming Atheros shareholders.
Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (
http://www.whafh.com) for more information about the firm.
If you own Atheros common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: