Law Firm Levi & Korsinsky Investigating LSI

Levi & Korsinsky, LLP is investigating the board of directors of LSI Corporation for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Avago Technologies Limitedwww.avagotech.com.

Under the terms of transaction, LSI shareholders will receive $11.15 in cash for each share of LSI stock they own. The transaction has a total approximate value of $6.6 billion.

The investigation concerns whether the LSI board of directors breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into this transaction, and whether Avago is underpaying for LSI shares.