BOSTON, Dec. 1, 2011 /PRNewswire/ -- Block &
Leviton LLP is investigating whether the Board of Directors of
Magma Design Automation, Inc. ("Magma" or the "Company") (NASDAQ:
LAVA) breached their fiduciary duties in agreeing to sell the
Company to Synopsis, Inc. in a transaction valued at $507 million.
The investigation centers on whether Magma's Board of Directors
protected shareholder interests, and properly maximized shareholder
value, by agreeing to sell the Company for only $7.35 per share when stock market analysts have
set a median price for the Company at $8.00 per share and, in fact, at least one
analyst having a target price of $11.00 per share.
If you own stock in Magma please contact us to discuss your
rights with regard to this transaction or if you have any
questions.
Jason M. Leviton, Esq.
(617) 398-5620
jason@blockesq.com
Scott Mays, Esq.
(617) 398-5640
scott@blockesq.com
The attorneys at Block & Leviton have more than 40 years of
experience in representing individual and institutional investors
in shareholder rights actions and throughout their careers have
achieved significant recoveries for their clients.
This may constitute attorney advertising.
SOURCE Block & Leviton LLP
