SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Entropic Communications, Inc. And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Entropic Communications, Inc. (“Entropic” or the “Company”) (Nasdaq: ENTR) relating to the proposed buyout of the Company by MaxLinear, Inc. (“MaxLinear”).

On February 3, 2015, Entropic and MaxLinear announced the signing of a definitive agreement pursuant to which MaxLinear will acquire Entropic in a transaction valued at approximately $287 million. Under the terms of the transaction, Entropic shareholders are anticipated to receive $1.20 in cash and 0.22 of a MaxLinear common share for each share of Entropic common stock. Based on MaxLinear's closing stock price on February 2, 2015, Entropic shareholders would have received consideration valued at approximately $3.01 per share. The transaction is expected to close in the second quarter of 2015, though Entropic shareholders will most likely be asked to vote on the transaction well before that time.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Entropic stock at $5.00 per share.

If you currently own common stock of Entropic and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at You may also request more information by contacting Brower Piven either by email at or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.


Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153

Recent Stories

RSS feed for Brower Piven, A Professional Corporation

Brower Piven, A Professional Corporation