BALA CYNWYD, Pa., Feb. 25, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating the legal ramifications of the proposed acquisition of hi/fn, inc. ("hi/fn" or the "Company") (Nasdaq:HIFN) by Exar Corporation ("Exar") (Nasdaq:EXAR) and Hybrid Acquisition Corp., a wholly owned subsidiary of Exar. Exar has offered hi/fn shareholders the following options: (A) .3529 shares of Exar common stock and $1.60 in cash per share; or (B) $4.00 in cash per share. Based on Exar's closing price of $5.74 on February 24, 2009, Option A is presently valued at $3.62. The transaction undervalues hi/fn stock, which traded at over $4.00 a share as recently as September 2008 and traded at over $5.50 in 2008, both more than the current Exar offer price.
If you are a hi/fn shareholder and wish to discuss the legal ramifications of the proposed acquisition by Exar, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.