An investigation on behalf of investors of DTS Inc. (NASDAQ:DTSI) in connection with the proposed takeover was announced and NASDAQ:DTSI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/28/2016 -- The acquisition of audio technology solutions provider DTS Inc is under investigation over potential wrongdoing. The investigation was announced for investors, who currently hold NASDAQ:DTSI share, concerning whether the takeover of DTS Inc. by Tessera Technologies, Inc is unfair.
Investors who purchased shares of DTS Inc. (NASDAQ:DTSI) and currently hold any of those NASDAQ:DTSI 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 officers and directors of DTS Inc. breached their fiduciary duties owed to NASDAQ:DTSI investors in connection with the proposed acquisition.
On September 20, 2016, Tessera Technologies, Inc. and DTS, Inc. announced that they have entered into an agreement under which Tessera will acquire DTS for $42.50 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ:DTSI stockholders. More specifically, the investigation concerns whether the DTS 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 DTS Inc. (NASDAQ:DTSI) closed on September 27, 2016 at $42.59 per share.
Those who are current investors in DTS Inc. 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