San Diego, CA -- (SBWire) -- 08/04/2016 --An investigation for investors, who currently hold shares of Linear Technology Corporation (NASDAQ:LLTC), was announced over the takeover of Linear Technology Corporation by Analog Devices, Inc for $60.00 per share.
Investors who purchased shares of Linear Technology Corporation (NASDAQ:LLTC) and currently hold any of those NASDAQ:LLTC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of Linear Technology Corporation breached their fiduciary duties owed to NASDAQ:LLTC investors in connection with the proposed acquisition.
On July 26, 2016, Analog Devices, Inc. (NASDAQ: ADI) and Linear Technology Corporation (NASDAQ: LLTC) announced that they have entered into an agreement under which Analog Devices will acquire Linear Technology in a cash and stock transaction that values the combined enterprise at approximately $30 billion. Under the terms of the agreement, Linear Technology shareholders will receive $46.00 per share in cash and 0.2321 of a share of Analog Devices common stock for each share of Linear Technology common stock they hold at the closing of the transaction. The transaction values Linear Technology at approximately $60.00 per share, representing an equity value for Linear Technology of approximately $14.8 billion.
However, given that at least one analyst has set the high target price at $90.00 per NASDAQ:LLTC share, the investigation concerns whether the offer is unfair to NASDAQ:LLTC stockholders. More specifically, the investigation concerns whether the Linear Technology Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Linear Technology Corporation (NASDAQ:LLTC) closed on August 3, 2016 at $59.22 per share.
Those who are current investors in Linear Technology Corporation shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Investigation for Investors in Linear Technology Corporation (NASDAQ:LLTC) over Takeover
An investigation on behalf of investors of Linear Technology Corporation (NASDAQ:LLTC) in connection with the proposed takeover was announced and NASDAQ:LLTC stockholders should contact the Shareholders Foundation.