An investigation on behalf of investors of Lattice Semiconductor (NASDAQ:LSCC) in connection with the proposed takeover was announced and NASDAQ:LSCC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/07/2016 -- The takeover of Lattice Semiconductor is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NASDAQ:LSCC shares, concerning whether the takeover of Lattice Semiconductor by Canyon Bridge Capital Partners, Inc. for $8.30 per share is unfair to NASDAQ:LSCC stockholders.
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 investigation by a law firm concerns whether certain Lattice Semiconductor directors (NASDAQ:LSCC breached their fiduciary duties owed to Lattice Semiconductor (NASDAQ:LSCC investors in connection with the proposed acquisition.
On November 3, 2016, Lattice Semiconductor 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, the investigation concerns whether the offer is unfair to Lattice Semiconductor (NASDAQ:LSCC stockholders. More specifically, the investigation concerns whether the Lattice Semiconductor (NASDAQ:LSCC 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.
Shares of Lattice Semiconductor (NASDAQ:LSCC) closed on November 4, 2016 at $7.75 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