BALA CYNWYD, Pa., April 30, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Audience, Inc. ("Audience" or "the Company") (Nasdaq -ADNC-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Knowles Corporation. ("Knowles").
Click here to learn more about the investigation http://brodsky-smith.com/926-adnc-audience-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Audience shareholders will receive only shares of Knowles stock valued at $2.50 and $2.50 in cash for each share of Audience stock they own. The investigation concerns whether the Board of Audience breached their fiduciary duties to shareholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Knowles is underpaying for Audience. The transaction may both undervalue Audience and would result in a loss for many holders Audience stock. For example, Audience stock previously traded at $13.34 per share on May 13, 2014 and traded at $6.19 per share on April 16, 2015. In addition an analyst has set a $10.00 per share price target on Audience stock.
If you own shares of Audience and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/926-adnc-audience-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC