Robbins Umeda LLP Announces an Investigation of Magma Design Automation, Inc.

Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Magma Design Automation, Inc. (NASDAQ: LAVA) in connection with their efforts to sell the company to Synopsys, Inc.

On November 30, 2011, Magma announced that it had entered into a definitive merger agreement pursuant to which Synopsys will acquire Magma for $7.35 per Magma share in cash. The boards of directors of both companies have unanimously approved the transaction, which is expected to close in the second quarter of 2012.

Robbins Umeda LLP's investigation focuses on whether Magma's board is undertaking a fair process to obtain maximum value and adequately compensate shareholders. There are at least three analysts with price targets ranging from $7.50 to $11.00 per share, all higher than the offer price. Moreover, Magma traded over the offer price as recently as July 7, 2011, when it traded as high as $8.50 and closed at $8.45 that same day.

If you own stock in Magma and would like more information about your shareholder rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on the firm's website.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/magma-design-automation-inc/

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