An investigation on behalf of investors of Integrated Device Technology, Inc. (NASDAQ: IDTI) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 09/17/2018 -- An investigation was announced concerning whether the acquisition of Integrated Device Technology, Inc. is unfair to NASDAQ: IDTI stockholders.
Investors who purchased shares of Integrated Device Technology, Inc. (NASDAQ: IDTI) and currently hold any of those NASDAQ: IDTI shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain directors of Integrated Device Technology, Inc. breached their fiduciary duties owed to NASDAQ: IDTI investors in connection with the proposed acquisition.
San Jose, CA based Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. On September 10, 2018, Renesas Electronics Corporation and Integrated Device Technology, Inc. ("IDT", NASDAQ: IDTI) announced they have signed an agreement under which Renesas Electronics Corporation will acquire Integrated Device Technology, Inc. (NASDAQ: IDTI) for US$49.00 per share in an all-cash transaction representing an equity value of approximately US$6.7 billion.
However, the investigation concerns whether the offer is unfair to NASDAQ: IDTI stockholders. More specifically, the investigation concerns whether the Integrated Device Technology Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On September 14, 2018, NASDAQ: IDTI shares closed at $47.08 per share.
Those who are current investors in Integrated Device Technology, Inc. (NASDAQ: IDTI) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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