NEW YORK, Sept. 21, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of NetLogic Microsystems, Inc. ("NetLogic" or the "Company") (NASDAQ: NETL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Broadcom Corp. (NASDAQ: BRCM). Under the terms of the transaction, NetLogic shareholders will receive $50.00 per share of NetLogic stock they own. The transaction has a total value of approximately $3.7 billion.
Click here to learn more about the investigation: http://www.zlk.com/netlogic-microsystems-netl, or call: 877-363-5972.
The investigation concerns whether the NetLogic Board of Directors breached their fiduciary duties to NetLogic stockholders by failing to adequately shop the Company before entering into this transaction and whether Broadcom Corp. is underpaying for NetLogic shares, thus unlawfully harming NetLogic stockholders. In particular, at least one analyst set a price target for NetLogic of $54.00 per share.
If you own common stock in NetLogic and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com.Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq.30 Broad Street - 15th Floor New York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP