Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of ADC Telecommunications, Inc. - ADCT

NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of ADC Telecommunications, Inc. (“ADC” or the “Company”) (NasdaqGS: ADCT) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Tyco Electronics, Ltd. ("Tyco") (NYSE: TEL). Under the terms of the transaction, ADC shareholders will receive $12.75 in cash for each ADC share of common stock they own for a total transaction value of approximately $1.25 billion.

The investigation concerns whether the ADC Board of Directors breached their fiduciary duties to ADC stockholders by failing to adequately shop the Company before entering into this transaction and whether Tyco is underpaying for ADC shares, thus unlawfully harming ADC stockholders. In particular, at least one analyst set a price target for ADC stock at $13.00 per share.

If you own common stock in ADC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500 or visit http://www.zlk.com/adc-telecommunications-adct.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

CONTACT:

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Fax: 212-363-7171
www.zlk.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:   Technology  Telecommunications  Professional Services  Legal

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