WILMINGTON, Del., Aug. 6, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Ikanos Communications, Inc. (NASDAQ CM: IKAN)?
- Did you purchase any of your shares prior to August 6, 2015?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Ikanos Communications, Inc. ("Ikanos" or the "Company") (NASDAQ CM: IKAN) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Qualcomm Atheros, Inc., a subsidiary of QUALCOMM Incorporated ("Qualcomm") (NASDAQ GS: QCOM).
Click here to learn more: http://rigrodskylong.com/investigations/ikanos-communications-inc-ikan.
Under the terms of the agreement, shareholders of Ikanos will receive $2.75 in cash for each share of Ikanos they own.
The investigation concerns whether Ikanos's board of directors failed to adequately shop the Company and obtain the best possible value for Ikanos's shareholders before entering into an agreement with Qualcomm. According to Yahoo! Finance, at least one analyst has issued a price target for Ikanos stock at $5.00 per share.
If you own the common stock of Ikanos and purchased your shares before August 6, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/ikanos-communications-inc-ikan.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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