Tech Merger

Directors are selling Applied Micro Circuits Corp. too cheaply through an unfair process to MACOM Technology Holdings, for $3.25 plus 0.11 MACOM shares per Applied Micro share, or $770 million, shareholders say in a federal class action.

SAN FRANCISCO – Directors are selling Applied Micro Circuits Corp. too cheaply through an unfair process to MACOM Technology Holdings, for $3.25 plus 0.11 MACOM shares per Applied Micro share, or $770 million, shareholders say in a federal class action.

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