Harwood Feffer LLP Announces Investigation of Sale of Emulex Corporation to Avago Technologies Limited

NEW YORK, Feb. 26, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Emulex Corporation ("Emulex" or the "Company") (NYSE: ELX) concerning the proposed acquisition of the Company by Avago Technologies Limited ("Avago") (NASDAQ: AVGO) for $8.00 per share.

Emulex provides network connectivity, monitoring, and management products for networks that support enterprise, cloud, government, and telecommunications worldwide.  Under the reported definitive agreement, Avago will acquire all of the outstanding shares of Emulex in an all-cash tender offer valued at approximately $606 million.

However, the proposed price is below the Company's 52-week trading high, represents a modest 14% premium to Emulex's closing price during January, and comes after the Company issued promising results on January 29, 2015.  Our investigation concerns whether the Emulex board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, and obtaining full and fair consideration for Company stockholders.

If you own Emulex shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

James G. Flynn, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: jflynn@hfesq.com
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. © 2015 Harwood Feffer LLP.  The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP