BALA CYNWYD, PA / ACCESSWIRE / July 13, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Maxim Integrated Products, Inc. ("Maxim" or the "Company")(NASDAQGS:MXIM) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Analog Devices, Inc. ("ADI") (NASDAQ:ADI). Under the terms of the agreement, Maxim shareholders will receive only 0.630 ADI shares for each of Maxim they own.
The investigation concerns whether the Maxim Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether ADI is underpaying for the Company. For example, ADI shareholders will retain approximately 69% of the combined company, whereas Maxim shareholders will own only approximately 31% of the combined company.
If you own shares of Maxim 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 Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, visit http://www.brodskysmith.com/cases/maxim-integrated-products-inc-nasdaqgs-mxim/, or call toll-free 877-534-2590.
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.
SOURCE: Brodsky & Smith, LLC