NEW YORK — (BUSINESS WIRE) — June 15, 2010 — Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Virage Logic Corporation (NASDAQ: VIRL - News) (referred to as "Virage" or the “Company”) by Synopsys, Inc. (referred to as "Synopsis") in a transaction valued at approximately $315 million, or approximately $289 million net of cash acquired.
Under the terms of the agreement, Virage shareholders will receive $12.00 in cash for every share of Virage stock they own. The boards of directors of both companies have approved the transaction, and Virage President and CEO Alex Shubat will join Synopsys. After the closing, Virage will become part of Synopsys, and Virage stock will cease trading.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.
If you are a holder of Virage stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.
If you are a shareholder of Virage and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: Email Contact. All e-mail correspondence should make reference to Virage.
Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Bull & Lifshitz, LLP
Joshua M. Lifshitz, Esq., 212-213-6222