NEW YORK, Sept. 12, 2018 (GLOBE NEWSWIRE) -- 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 308-1869, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation of Integrated Device Technology, Inc. please go to https://bespc.com/idti/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.