Thieler Law Corp Announces Investigation of proposed Sale of QLogic Corporation (NASDAQ: QLGC) to Cavium Inc (NASDAQ: CAVM)

Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of QLogic Corporation (NASDAQ: QLGC) acted responsibly on behalf of investors’ profitability in the planned $1.36 billion sale to Cavium Inc (NASDAQ: CAVM).

On June 15, 2016, QLogic Corporation (NASDAQ: QLGC) and Cavium Inc (NASDAQ: CAVM) announced that they had entered into a merger agreement. Under the terms of the agreement, QLogic stockholders will receive $15.50 per share, comprised of $11.00 per share in cash and 0.098 of a share of Cavium common stock for each share of QLogic common stock.

Based in Aliso Viejo, CA, and founded in 1992 QLogic Corporation designs and supplies high performance server and storage networking connectivity products that provide, enhance, and manage computer data communication.

The investigation focuses on whether NASDAQ: QLGC investors received the highest price and whether the directors of QLogic Corporation acted in the best interest of QLogic Corporation company and its shareholders.   

If you purchased QLogic Corporation (NASDAQ: QLGC) prior to June 15, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

Thieler Law Corp

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