WILMINGTON, Del., Aug. 4, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of M/A-Com Technology Solutions, Inc. ("M/A Com" or the "Company") relating to the acquisition of Nitronex LLC ("Nitronex). On February 13, 2014, M/A Com announced the signing of a definitive agreement pursuant to which M/A Com would acquire Nitronex from GaAs Labs LLC ("GaAs Labs"), an affiliate of the Company's parent affiliate M/A-Com Technology Solutions Holdings, Inc. ("Parent"), in an acquisition valued at roughly $26 million.
Our investigation so far has revealed that the process leading up to the announcement of the acquisition appears to have substantial conflicts of interest, thus tainting the acquisition and making the acquisition unfair to M/A-Com shareholders. As disclosed by the Company, M/A Com is purchasing Nitronex from GaAs Labs, a related affiliate of Parent, which is controlled by John L. Ocampo, Chairman of Nitronex and Parent, as well as President and Co-Founder of GaAs Labs.
Andrews & Springer is investigating whether M/A-Com directors have breached their fiduciary duties by proceeding with a conflicted transaction.
If you own shares of M/A-Com and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/mtsi or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.