WAYNE, Pa., June 10, 2014 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Hittite Microwave Corporation ("Hittite" or the "Company") (NASDAQ: HITT) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Analog Devices, Inc. in a transaction valued at approximately $2 billion.
If you own shares of Hittite and would like to learn more about this class action 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: www.rmclasslaw.com/cases/hitt. You may also email Mr. Maniskas at firstname.lastname@example.org. Under the terms of the agreement, shareholders of Hittite would receive $78.00 per share in cash for each share of Hittite they own. Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Hittite for not acting in the Company's shareholders' best interests in connection with the sale process. 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. To learn more about the class action process, please visit: www.rmclasslaw.com. CONTACT: Ryan & Maniskas, LLPRichard A. Maniskas, Esquire995 Old Eagle School Rd., Suite 311Wayne, PA email@example.com Logo - http://photos.prnewswire.com/prnh/20121112/MM11729LOGO SOURCE Ryan & Maniskas, LLP
Hittite Microwave (HITT) stock has been downgraded to "neutral" from "buy," D.A. Davidson said Tuesday. The firm said the recent bid from Analog Devices (ADI) to purchase the company for $78 a share will likely close as expected in August.