NEW YORK, April 30, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Audience, Inc. ("Audience" or the "Company") (NASDAQ: ADNC) concerning the proposed acquisition of the Knowles Corporation ("Knowles") in transaction worth approximately $85 million.
Under the terms of the transaction, Audience shareholders would receive $2.50 in cash and $2.50 in Knowles stock for each share of Audience owned. In the last year, Audience traded above $13 per share and according to Yahoo Finance, at least one analyst has set a target price for Audience shares of $10.00 per share and the mean target price set by analysts for Audience stock is $5.40 per share.
Our investigation concerns whether the Audience board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Audience shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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