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Lawsuit for Investors Who Held Shares of Applied Micro Circuits Corporation (NASDAQ: AMCC) Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / June 11, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who formerly held Applied Micro Circuits Corporation (NASDAQ: AMCC) shares.

Investors, who held shares of Applied Micro Circuits Corporation (NASDAQ: AMCC) and received MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) shares as a result of the takeover, might have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On November 21, 2016, MACOM Technology Solutions Holdings, Inc. (MTSI) announced it has entered into an agreement to acquire Applied Micro Circuits Corporation (NASDAQ: AMCC) for approximately $8.36 per share, consisting of $3.25 in cash and 0.1089 MACOM shares per share of Applied Micro. Based on MACOM's closing stock price on November 18, 2016, Applied Micro shareholders would have received compensation valued at approximately $8.36 per share.

In December 2016, a lawsuit was filed in connection with the takeover of Applied Micro Circuits Corporation and MACOM Technology Solutions Holdings, Inc. The plaintiff alleged that the Recommendation Statement filed with the SEC was materially deficient and misleading because it failed to disclose material information about the process leading to the Merger Agreement. The case was dismissed in April 2017.

Those who held shares of Applied Micro Circuits Corporation (NASDAQ: AMCC) and received MACOM Technology Solutions Holdings, Inc. (MTSI) shares as a result of the takeover, might have certain options and should contact the Shareholders Foundation.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

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