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Actel Corporation Investors File Lawsuit In Effort To Stop Takeover

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Lawsuit Overview

An investor in ACTL shares filed a lawsuit against Actel’s board of directors for breaches of fiduciary duty arising out of the defendants attempt to sell Actel Corp. too cheaply to Artful Acquisition Corp, a wholly owned subsidiary of Microsemi Corp. According to the complaint the plaintiff alleges that the defendants breach their fiduciary duties owed to Actel Corporation (NASDAQ:A...



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