NEW YORK, June 16, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Hittite Microwave Corporation ("Hittite" or "the Company") (Nasdaq:HITT) of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Analog Devices, Inc. (Nasdaq:ADI). A complaint was filed in Delaware state court.
Click here to learn more about the investigation: http://zlk.9nl.com/hittite-microwave-hitt, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Hittite shareholders will receive $78 in cash for each share of Hittite stock they own, representing a total approximate transaction value of $2 billion. The claims concern whether the Hittite Board of directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Analog Devices, Inc. is underpaying for Hittite shares.
If you own Hittite common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/hittite-microwave-hitt.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.