AuthenTec Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of AuthenTec, Inc. to Apple

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of AuthenTec, Inc. (“AuthenTec” or “AUTH”) (Nasdaq: AUTH) to Apple for shareholders. Under the proposed transaction, AuthenTec shareholders will only receive $8.00 in cash for each share of AuthenTec/AUTH stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free [phone], via e-mail at [e-mail]. There is no cost or fee to you.

The transaction is valued at approximately $356 million.

The investigation centers on whether AuthenTec shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues AuthenTec stock, and whether AuthenTec’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. “Due to the recent growth of the company and other factors, we believe that the transaction may undervalue AuthenTec’s stock. Our lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.