NASDAQ GS
ENTR

Entropic Communications, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Entropic Communications, Inc. (NASDAQ GS: ENTR) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Entropic Communications, Inc. (“Entropic” or the “Company”) (NASDAQ GS: ENTR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by MaxLinear, Inc. (“MaxLinear”) (NYSE: MXL), in a transaction valued at approximately $287 million.

Under the terms of the agreement, shareholders of Entropic will receive $1.20 in cash and 0.22 of a MaxLinear common share for each share of Entropic common stock.  Based on MaxLinear’s closing stock price on February 2, 2015, Entropic shareholders would have received consideration valued at approximately $3.01 per share.

The investigation concerns whether Entropic’s board of directors failed to adequately shop the Company and obtain the best possible value for Entropic’s shareholders before entering into an agreement with MaxLinear.  According to Yahoo! Finance, at least one analyst has issued a price target for Entropic’s stock at $5.00 per share.

If you own the common stock of Entropic and purchased your shares before February 3, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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