San Diego, CA -- (SBWIRE) -- 01/19/2017 -- The Shareholders Foundation announces that an investor who currently holds NASDAQ:LSCC shares, filed a lawsuit in effort to halt the proposed takeover of Lattice Semiconductor by Canyon Bridge Capital Partners, Inc. for $8.30 per share.

Investors who purchased shares of Lattice Semiconductor (NASDAQ:LSCC) and currently hold any of those NASDAQ:LSCC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:LSCC stockholders by agreeing to sell Lattice Semiconductor too cheaply via an unfair process to Canyon Bridge Capital Partners.

On November 3, 2016, Lattice Semiconductor (NASDAQ:LSCC) and Canyon Bridge Capital Partners, Inc. announced that Lattice Semiconductor (NASDAQ:LSCC) and Canyon Bridge Acquisition Company, Inc., an affiliate of Canyon Bridge Capital Partners, Inc, have signed an agreement under which Canyon Bridge Capital Partners, Inc will acquire all outstanding shares of Lattice Semiconductor (NASDAQ:LSCC) for approximately $1.3 billion inclusive of Lattice's net debt, or $8.30 per share in cash.

However, plaintiff claims that the proposed consideration NASDAQ:LSCC shareholders will receive is grossly inadequate and undervalues Lattice Semiconductor. In addition, the plaintiff alleges that the process is also unfair NASDAQ:LSCC stockholders.

Shares of Lattice Semiconductor (NASDAQ:LSCC) closed on January 18, 2017 at $7.21 per share.

Those who are current investors in Lattice Semiconductor shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com