BALA CYNWYD, Pa., March 30, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Vitesse
Semiconductor Corp. ("Vitesse" or "the Company") (Nasdaq-VTSS-News)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Microsemi
Corporation. ("Microsemi").
Click here to learn more about the investigation
http://brodsky-smith.com/906-vtss-vitesse-semiconductor-corp.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Vitesse shareholders will
receive only $5.28 in cash for each
share of Vitesse stock they own. The investigation concerns whether
the Board of Vitesse breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Microsemi is
underpaying for Vitesse. The transaction may undervalue Vitesse and
will result in loss for many long term Vitesse shareholders. The
price appears to undervalue Vitesse given that the transaction is
expected to be immediately accretive to Microsemi and an
analyst has set a $6.00 per share
price target for Vitesse stock.
If you own shares of Vitesse stock and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting
http://brodsky-smith.com/906-vtss-vitesse-semiconductor-corp.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC