NEW YORK, May 27, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Advanced Analogic Technologies Incorporated ("AATI" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Skyworks Solutions, Inc. ("Skyworks"). Under the terms of the transaction, AATI shareholders will receive $3.68 in cash and 0.08725 of a share of Skyworks common stock for each share of AATI stock they own. This represents a value of $6.13 per share of AATI stock, for an approximate total transaction value of $262 million.
Click here to learn how to join the action: http://zlk.9nl.com/aati, or call: 877-363-5972.
The investigation concerns whether the AATI Board of Directors breached their fiduciary duties to AATI stockholders by failing to adequately shop the Company before entering into this transaction and whether Skyworks is underpaying for AATI shares, thus unlawfully harming AATI stockholders.
If you own common stock in AATI and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/aati.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com