An investigation on behalf of investors of Quantenna Communications, Inc. (NASDAQ: QTNA) in connection with the proposed takeover was announced and NASDAQ: QTNA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/09/2019 -- The takeover of Quantenna Communications, Inc. is under investigation concerning whether the acquisition of Quantenna Communications, Inc. is unfair to NASDAQ: QTNA stockholders.
Investors who purchased shares of Quantenna Communications, Inc. (NASDAQ: QTNA) and currently hold any of those NASDAQ: QTNA 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 Quantenna Communications, Inc. breached their fiduciary duties owed to NASDAQ: QTNA investors in connection with the proposed acquisition.
San Jose, CA based Quantenna Communications, Inc. designs, develops, and markets wireless communication solutions enabling wireless local area networking in the Asia-Pacific, Europe, the Middle East, Africa, and the Americas. On Mar. 27, 2019-- ON Semiconductor Corporation (Nasdaq: ON) and Quantenna Communications, Inc. (NASDAQ: QTNA) announced that they have entered into an agreement for ON Semiconductor to acquire Quantenna for $24.50 per share in an all cash transaction
However, given that at least one analyst has set the high target price for NASDAQ: QTNA shares at $25.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: QTNA stockholders. More specifically, the investigation concerns whether the Quantenna Communications 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.
Quantenna Communications, Inc. reported that its annual Total Revenue rose from $176.35 million in 2017 to $220.46 million in 2018.
Shares of Quantenna Communications, Inc. (NASDAQ: QTNA) closed on April 8, 2019, at $24.14 per share.
Those who are current investors in Quantenna Communications, Inc. (NASDAQ: QTNA) shares have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
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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