ADC Telecommunications board under investor investigation

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 21, 2010 -- An investigation on behalf of current investors ADC Telecommunications (NASDAQ:ADCT) over possible breaches of fiduciary duty by certain members of the ADC Telecommunications board of directors in connection with the takeover attempt by Tyco Electronics was announced.

If you currently hold shares of ADC Telecommunications (NASDAQ:ADCT), you have certain options and you should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 - 1554.

ADC Telecommunications, Inc., located in Eden Prairie, MN, is a global provider of broadband communications network infrastructure products and related services. ADC Telecommunications reported in 2007 Total Revenue of $1.2767billion, in 2008 $1.4564billion, and in 2009 $996.7billion.

On Tuesday, July 13, 2010, ADC Telecommunications (Nasdaq: ADCT) and Tyco Electronics (NYSE: TEL) announced a agreement under which Tyco Electronics will acquire ADC Telecommunications for $12.75 per share in cash, or an enterprise value of approximately $1.25 billion.

The investigation by a law firm “concerns whether the ADC Telecommunications Board of Directors breached their fiduciary to ADC Telecommunications (NASDAQ:ADCT) stockholders by failing to adequately shop the Company prior to supporting the agreement, whether the Board of Directors breached their fiduciary duties by not seeking a deal that would provide better ADC Telecommunications (NASDAQ:ADCT), and whether Tyco Electronics is underpaying ADC Telecommunications (ADCT), thus unlawfully harming ADCT stockholders.”

Shares of ADC Telecommunications (ADCT) traded at roughly $9 per share before the news and climbed to its52weekHigh of $12.65 per share after the announcement. But ADCT shares traded at $17.32 per share in 2008, over $20 per share in 2007, and at $26 in 2006. ADCT traded at an all time high during the dot.com bubble at nearly $300 per share.

Those who currently hold shares of ADC Telecommunications (Public, NASDAQ:ADCT), have certain options and should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.

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