Cases
GigPeak, Inc. (NYSE: GIG)
Merger
Overview
Overview
- Date:
- 3/13/2017
- Company Name:
- GigPeak, Inc.
- Stock Symbol:
- GIG
- Company Name - Buyer:
- Integrated Device Technology, Inc.
- Class Period:
- FROM 5/8/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 2/13/2017
- Court:
- U.S. District Court: District of Delaware
NEW YORK, March 13, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of all persons or entities who held GigPeak, Inc. (NYSE: GIG) securities on March 8, 2017 (the “Class Period”).
On February 13, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Integrated Device Technology, Inc. will acquire GigPeak in a deal. As a result of the merger, GigPeak shareholders are only anticipated to receive $3.08 in cash for each share of GigPeak common stock.
The Complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held GigPeak securities during the Class Period, 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 A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On February 13, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Integrated Device Technology, Inc. will acquire GigPeak in a deal. As a result of the merger, GigPeak shareholders are only anticipated to receive $3.08 in cash for each share of GigPeak common stock.
The Complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held GigPeak securities during the Class Period, 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 A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.