|Company name||Applied Micro Circuits Corporation|
|Class period||January 12, 2017|
|Lead plaintiff deadline||March 13, 2017|
|Court||California Northern District Court|
NEW YORK, January 16, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the California Northern District Court on behalf of all persons or entities who held Applied Micro Circuits Corporation (NASDAQ: AMCC) securities on January 12, 2017 (the “Class Period”).
On November 21, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which MACOM Technology Solutions Holdings, Inc. will acquire Applied Micro Circuits Corporation in a deal worth $770 million. As a result of the merger, Applied Micro Circuits Corporation shareholders are only anticipated to receive $3.25 in cash and 0.1089 MACOM shares for each share of Applied Micro Circuits Corporation common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Applied Micro Circuits Corporation securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.