An investigation on behalf of investors of InvenSense Inc (NYSE:INVN) in connection with the proposed takeover was announced and NYSE:INVN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/05/2017 -- An investigation on behalf of investors, who currently hold shares of InvenSense Inc (NYSE:INVN), was announced over the takeover of InvenSense Inc by TDK Corporation for $13.00 per share.
Investors who purchased shares of InvenSense Inc (NYSE:INVN) and currently hold any of those NYSE:INVN shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain InvenSense directors breached their fiduciary duties owed to NYSE:INVN investors in connection with the proposed acquisition.
On December 21, 2016, TDK Corporation and InvenSense Inc entered into an agreement today wherein TDK Corporation agrees to acquire all of the outstanding InvenSense Inc shares for cash at an acquisition price of USD 13.00 per InvenSense share, for a total acquisition price of USD 1.3 billion.
However, the investigation concerns whether the offer is unfair to NYSE:INVN stockholders. More specifically, the investigation concerns whether the InvenSense 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.
Those who are current investors in InvenSense Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego