Maxim Integrated Products, Inc.

Practice Area: 
Stock Symbol: 
Case Status: 

Ademi & O’Reilly, LLP is investigating Maxim (Nasdaq: MXIM) for possible breaches of fiduciary duty and other violations of the law in connection with the sale to Analog Devices.

Ademi & O’Reilly, LLP alleges Maxim’s financial outlook is improving and yet shareholders will receive only will receive $31 per share. The merger agreement unreasonably limits competing bids for Maxim by prohibiting solicitation of further bids, and imposing a termination penalty if Maxim accepts a superior bid. Maxim insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Maxim’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Maxim.