An investigation on behalf of investors of Aquantia Corp. (NYSE: AQ) in connection with the proposed takeover was announced and NYSE: AQ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/15/2019 -- The acquisition of Aquantia Corp. is under investigation concerning whether the takeover of Aquantia is unfair to NYSE: AQ stockholders.
Investors who purchased shares of Aquantia Corp. (NYSE: AQ) and currently hold any of those NYSE: AQ shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Aquantia Corp. breached their fiduciary duties owed to NYSE: AQ investors in connection with the proposed acquisition.
On May 6, 2019, Marvell Technology Group Ltd. (NASDAQ: MRVL) and Aquantia, Corp. (NYSE: AQ) announced an agreement, approved by the boards of directors of both companies, under which Marvell Technology Group Ltd will acquire all outstanding shares of Aquantia common stock in exchange for consideration of $13.25 per share in cash.
However, given that NYSE: AQ shares traded in the open market in 2018 as high as $18.45 per share, the investigation concerns whether the offer is unfair to NYSE: AQ stockholders. In addition, given that in connection with the execution of the definitive agreement, certain stockholders of Aquantia, together holding approximately 17 percent of the outstanding shares of common stock of Aquantia, have already agreed to vote their shares in favor of the transaction under a voting and support agreement, the investigation concerns whether the Aquantia 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 May 14, 2019, NYSE: AQ shares closed at $12.95 per share.
Those who are current investors in Aquantia Corp. (NYSE: AQ) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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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.