WILMINGTON, Del., June 9, 2014 /PRNewswire/ -- 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 Hittite Microwave Corporation ("Microwave" or the
"Company") (NASDAQ: HITT) relating to the sale of the Company to
Analog Devices, Inc. (NASDAQ: ADI) ("Analog"). On June 9, 2014, the two companies announced the
signing of a definitive merger agreement pursuant to which Analog
will acquire Hittite in a merger valued at roughly $2 billion. As a result of the merger, Hittite
shareholders are only anticipated to receive $78 per share in cash in exchange for each share
of Hittite they own.
Andrews & Springer is investigating whether Pepco directors
are breaching their fiduciary duties by failing to adequately shop
the company and maximize shareholder value. Andrews & Springer
is also investigating the fairness of the sales process conducted
by Deutsche Bank, Hittite's financial advisor.
If you own shares of Hittite and want to receive additional
information and protect your investments free of charge, please
visit us at
http://www.andrewsspringer.com/cases-investigations/hittite 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.
Contact:
Craig J. Springer, Esq.
Toll Free: 1-800-423-6013
cspringer@andrewsspringer.com
SOURCE Andrews & Springer LLC