Broadcom Ltd. is nearing a deal to settle a shareholder lawsuit accusing it of underpaying in a 2014 takeover of PLX Technology Inc., according to people familiar with the matter, a case that also leveled allegations of conflicts of interest at PLX’s bankers. Avago Technologies Ltd., a predecessor of Broadcom, bought PLX for about $300 million. Some shareholders sued, alleging the price was too low and the process was tainted, which...

Source: Wall Street Journal August 17, 2016 18:33 UTC