Cases
Quantenna Communications, Inc. (QTNA)
Merger
Overview
Overview
- Date:
- 5/9/2019
- Company Name:
- Quantenna Communications, Inc.
- Stock Symbol:
- QTNA
- Company Name - Buyer:
- ON Semiconductor Corporation
- Stock Symbol - Buyer:
- ON
- Status:
- Closed/Complete
- Merger Announcement Date:
- 3/27/2019
NEW YORK, May 9, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Quantenna Communications, Inc. (NASDAQ: QTNA) on behalf of Quantenna stockholders concerning the proposed acquisition of the company by ON Semiconductor Corporation (NASDAQ: ON).
Pursuant to the proposed transaction, announced on March 27, 2019 and valued at $1.07 billion, Quantenna stockholders will receive $24.50 in cash for each share of Quantenna common stock owned. The investigation focuses on whether Quantenna and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Quantenna 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 March 27, 2019 and valued at $1.07 billion, Quantenna stockholders will receive $24.50 in cash for each share of Quantenna common stock owned. The investigation focuses on whether Quantenna and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Quantenna 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.