San Diego, CA -- (SBWIRE) -- 12/02/2016 -- An investigation on behalf of investors, who currently hold NASDAQ:AMCC shares, was announced concerning the takeover of Applied Micro Circuits Corporation by MACOM Technology Solutions Holdings, Inc.

Investors who purchased shares of Applied Micro Circuits Corporation (NASDAQ:AMCC) and currently hold any of those NASDAQ:AMCC 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 Applied Micro Circuits Corporation breached their fiduciary duties owed to NASDAQ:AMCC investors in connection with the proposed acquisition.

On November 21, 2016, MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) announced it has entered into an agreement to acquire Applied Micro Circuits Corporation (NASDAQ:AMCC) for approximately $8.36 per share, consisting of $3.25 in cash and 0.1089 MACOM shares per share of Applied Micro. 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.

However, the investigation concerns whether the offer is unfair to NASDAQ:AMCC stockholders. More specifically, the investigation concerns whether the Applied Micro Circuits 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.

On December 1, 2016, NASDAQ:AMCC shares closed at $8.30 per share.

Those who are current investors in Applied Micro Circuits 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