Cases
Integrated Device Technology, Inc. (IDTI)
Merger
Overview
Overview
- Date:
- 9/12/2018
- Company Name:
- Integrated Device Technology, Inc.
- Stock Symbol:
- IDTI
- Company Name - Buyer:
- Renesas Electronices Corporation
- Status:
- Closed/Complete
- Merger Announcement Date:
- 9/11/2018
NEW YORK, September 12, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Integrated Device Technology, Inc. (IDTI) on behalf of stockholders concerning the proposed acquisition of the company by Renesas Electronics Corporation.
Pursuant to the proposed transaction, announced on September 11, 2018 and valued at approximately $6.7 billion, Integrated Device stockholders will receive $49.00 in cash for each share of their Integrated Device common stock. Our investigation concerns whether Integrated Device’s board of directors failed to adequately shop the company and obtain the best possible price for its stockholders before entering into a definitive agreement with Renesas Electronics Corporation.
If you own Integrated Device shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on September 11, 2018 and valued at approximately $6.7 billion, Integrated Device stockholders will receive $49.00 in cash for each share of their Integrated Device common stock. Our investigation concerns whether Integrated Device’s board of directors failed to adequately shop the company and obtain the best possible price for its stockholders before entering into a definitive agreement with Renesas Electronics Corporation.
If you own Integrated Device shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.