Ryan & Maniskas, LLP (
) is investigating potential claims against the board of directors of PLX Technology Inc. (“PLX Technology” or the “Company”) (NASDAQ: PLXT) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell PLX Technology to Integrated Device Technology, Inc. in a transaction valued at approximately $330 million.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of PLX Technology. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
Under the terms of the transaction, PLX Technology shareholders will receive $3.50 in cash and 0.525 shares of Integrated Device Technology, Inc. stock.
If you own shares of PLX Technology and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit:
. You may also email Mr. Maniskas at
. For more information about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.