LAWSUIT ALERT: The Law Firm of Andrews & Springer LLC Announces a Filing of a Class Action Lawsuit Against Hittite Microwave ...
01 Juli 2014 - 12:30AM
Andrews & Springer LLC, a boutique securities class action law
firm focused on representing shareholders nationwide, announced
today that a class action lawsuit has been filed on behalf of
stockholders of Hittite Microwave Corp. ("Hittite" or the
"Company") (Nasdaq:HITT) seeking to challenge the Company's
recently announced merger.
If you would like to join the class action, please visit our
website 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.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
According to the lawsuit, on June 9, 2014, Hittite and Analog
Devices, Inc. ("Analog") (Nasdaq:ADI) announced the signing of a
definitive merger agreement pursuant to which Analog would 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.
The complaint, which was filed on June 12, 2014, discusses
Hittite's promising future as highlighted by the Company's
President and CEO Richard Hess. The complaint further alleges,
however, "if the Proposed Transaction closes, Hittite investors
such as Plaintiff will be denied the growth opportunity the Company
has been touting."
The markets today have expressed concern over the merger
consideration. As of today, Hittite closed at $78.02 per share,
$.02 cents above the $78 per share merger consideration.
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. For more information
please visit our website at www.andrewsspringer.com. This notice
may constitute Attorney Advertising.
CONTACT: Craig J. Springer, Esq.
cspringer@andrewsspringer.com
Call Toll Free: 1-800-423-6013
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