An investigation on behalf of investors of Entropic Communications, Inc. (NASDAQ:ENTR) in connection with the proposed takeover was announced and NASDAQ:ENTR stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 02/09/2015 --An investigation on behalf of investors, who currently hold shares of Entropic Communications, Inc. (NASDAQ:ENTR), was announced concerning whether the takeover of Entropic Communications, Inc. by MaxLinear, Inc for a value of approximately $3.01 per share is unfair to NASDAQ:ENTR stockholders.

Investors who purchased shares of Entropic Communications, Inc. (NASDAQ:ENTR) and currently hold any of those NASDAQ:ENTR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Entropic Communications, Inc. breached their fiduciary duties owed to NASDAQ:ENTR investors in connection with the proposed acquisition.

On February 3, 2015 MaxLinear, Inc. (NYSE:MXL) and Entropic Communications, Inc. (NASDAQ:ENTR) announced that they have signed an agreement for MaxLinear, Inc to acquire Entropic Communications, Inc. Under the terms of the proposed transaction Entropic Communications, Inc. (NASDAQ:ENTR) shareholders will receive $1.20 per share in cash and ( 0.2200 shares of MaxLinear, Inc. (NYSE:MXL) common stock for each Entropic common share outstanding. Based on MaxLinear's closing stock price on February 2, 2015, the merger consideration is valued at approximately $3.01 per Entropic Communications, Inc. (NASDAQ:ENTR) share.

However, given that at least one analyst has set the high target price for NASDAQ:ENTR shares at $5.00 per share and that NASDAQ:ENTR shares traded in early 2014 as high as $4.74 per share, the investigation concerns whether the offer is unfair to NASDAQ:ENTR stockholders. More specifically, the investigation concerns whether the Entropic Communications 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 February 3, 2015, NASDAQ:ENTR shares closed at $3.03 per share.

Those who are current investors in Entropic Communications, Inc. (NASDAQ:ENTR) 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