Robbins Arroyo LLP: Acquisition of Applied Micro Circuits Corporation (AMCC) by MACOM Technology Solutions Holdings, Inc. (MTSI) May Not Be in Shareholders' Best Interests

SAN DIEGO & SANTA CLARA, Calif.--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Applied Micro Circuits Corporation (NASDAQGS: AMCC) by MACOM Technology Solutions Holdings, Inc. (NASDAQGS: MTSI). On November 21, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which MACOM will acquire Applied Micro Circuits. Under the terms of the agreement, Applied Micro Circuits shareholders will receive $3.25 in cash and 0.1089 shares of MACOM common stock for each share of Applied Micro Circuits common stock, with a combined value equal to $8.40.