SAN DIEGO, Aug. 28, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of IXYS Corporation (NASDAQ: IXYS) breached their fiduciary duties in connection with the proposed sale of the Company to Littelfuse, Inc. (NASDAQ: LFUS). IXYS designs, manufactures, and markets semiconductor products worldwide.
On August 28, 2017, IXYS announced that it had signed a definitive merger agreement with Littelfuse. Under the terms of the agreement, subject to proration, each IXYS stockholder will be entitled to elect to receive, per IXYS share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock. In total, 50% of IXYS stock will be converted into the cash election option and 50% into the stock election option.
The investigation concerns whether the IXYS board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for IXYS shares of common stock.
If you are a shareholder of IXYS and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
SOURCE Johnson & Weaver, LLP