NEW YORK, June 20, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Hittite Microwave Corp. ("Hittite") (NASDAQ: HITT) for potential breaches of fiduciary duties in connection with the sale of the Company to Analog Devices Inc. for approximately $2.45 billion. The Company's stockholders will receive $78 for each share of Hittite common stock they own. A complaint was filed in the Court of Chancery of the State of Delaware.
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The investigation focuses on whether Hittite's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Hittite's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.If you own common stock in Hittite and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/HITT or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Contact: