NEW YORK, May 29, 2015 /PRNewswire-USNewswire/ — The proposed acquisition of Broadcom Corp. (“BRCM” or the “Company”) by Avago Technologies Limited (“AVGO”) is being investigated by WeissLaw LLP for possible breaches of fiduciary duty and other violations of law by the Board of Directors of BRCM. In a joint press release dated May 28, 2015, AVGO announced it will acquire all outstanding shares of BRCM in a cash and stock transaction valued at approximately $37 billion. Shareholders will receive $54.50 in cash or 0.4378 of an AVGO share for each BRCM share owned. After closing, BRCM shareholders will own a mere 32% of the combined company.

WeissLaw is investigating whether BRCM’s Board acted to maximize shareholder value. Notably, at least one analyst set a price target of $67.00 per share, or $10.50 above the offer price. Further, on April 21, 2015, the Company announced positive financial results. It reported net revenues of $2.06 billion in the first quarter of 2015, as compared to $1.98 billion in the same period of the previous year, representing a 3.7% increase year-over-year and a double digit growth for the past three years in the ING division. Additionally, on May 27, 2015, the day before the announcement, BRCM’s stock traded for $57.70, or $3.20 above the offer price.

Given these facts, WeissLaw is investigating the BRCM Board’s decision to sell out early and whether BRCM shareholders are receiving their fair and proportionate share of the Company’s continued success and future growth prospects. If you own BRCM shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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SOURCE WeissLaw LLP