Shareholder Alert: Brower Piven Announces Class Action Lawsuit in Connection With the Sale of PLX Technology, INC. -- PLXT

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STEVENSON, Md., July 15, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Superior Court for Santa Clara County, California on behalf of all common stockholders of PLX Technology, Inc. ("PLX" or the "Company") PLXT. The complaint asserts that the Company's Board of Directors breached their fiduciary duties in connection with the sale of the Company to Avago Technologies Limited ("Avago").

Under the terms of the transaction, PLX shareholders will receive $6.50 in cash for each share of PLX stock they own. The claims asserted in the lawsuit concern whether the PLX's Board of Directors breached their fiduciary duties to stockholders by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Avago is underpaying for PLX shares. In particular, at least one analyst set a price target of $8.00 per share of PLX for the most recent quarter.

If you currently own common stock of PLX and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

CONTACT: Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616 hoffman@browerpiven.com
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Posted In: Press Releases
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