APPLIED MICRO CIRCUITS CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

Rigrodsky & Long, P.A.:
  • Do you own shares of Applied Micro Circuits Corporation (NASDAQ GS: AMCC )?
  • Did you purchase any of your shares prior to November 21, 2016?
  • Do you think the proposed buyout value is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Applied Micro Circuits Corporation ("Applied Micro" or the "Company") (NASDAQ GS: AMCC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by MACOM Technology Solutions Holdings, Inc. ("MACOM") (NASDAQ GS: MTSI), in a transaction valued at approximately $770 million.

Click here to learn more: http://rigrodskylong.com/investigations/applied-micro-circuits-corporation-amcc.

Under the terms of the agreement, shareholders of Applied Micro will receive 0.1089 shares of MACOM common stock and $3.25 in cash for each share of Applied Micro common stock. Based on MACOM's closing stock price on November 18, 2016, Applied Micro shareholders would have received compensation valued at approximately $8.36 per share.

The investigation concerns whether Applied Micro's board of directors failed to adequately shop the Company and obtain the best possible value for Applied Micro shareholders before entering into an agreement with MACOM.

If you own the common stock of Applied Micro and purchased your shares before November 21, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/applied-micro-circuits-corporation-amcc.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161121005928/en/

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