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Levi & Korsinsky is investigating the Board of Directors of Linear Technology Corporation (NASDAQ: LLTC) in connection with the sale of the Company to Analog Devices, Inc. (NASDAQ: ADI). Under the terms of the transaction, Linear Technology shareholders will receive $46.00 per share in cash and 0.2321 of a share of Analog Devices common stock for each share of Linear Technology stock they own, representing an approximate value of $60.00 per share.
The investigation concerns whether the Board of Linear Technology breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Analog Devices is underpaying for Linear Technology shares.
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