The Rosen Law Firm, P.A. is investigating the Board of Directors of Hittite Microwave Corporation (NASDAQ:HITT) for possible breaches of fiduciary duties and other violations of law by failing to adequately shop Hittite Microwave to maximize shareholder value before entering into an agreement with Analog Devices, Inc. (NASDAQ: ADI). If you would like to join the action, please call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at email@example.com or firstname.lastname@example.org. There is no cost or obligation to you. Under the terms of the proposed transaction, shareholders will receive $78.00 in cash for each share of Hittite Microwave stock they own. The proposed transaction is valued at approximately $2 billion. The investigation relates to whether the proposal is fair to public shareholders and whether Hittite Microwave’s Board of Directors breached its fiduciary duties in connection with the proposed transaction. If you own and purchased Hittite Microwave common stock before June 9, 2014 and wish to obtain additional information, please visit the website at http://rosenlegal.com/buyoutcases.html. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
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.