NEW YORK, Sept. 27, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Integrated Device Technology, Inc. ("IDTI" or the "Company") (NASDAQ: IDTI) in connection with the proposed acquisition of the Company by Renesas Electronic Corporation ("RNECY") (OTC: RNECY"). Under the terms of the acquisition agreement, shareholders will receive $49.00 in cash for each IDTI share they own.
If you own IDTI shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
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WeissLaw is investigating whether IDTI's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the acquisition is a strategic transaction which, according to the announcement, will accelerate RNECY's growth strategy. The transaction will grant RNECY access to the Company's vast and robust portfolio of analog mixed-signal systems. The deal will also expand RNECY's business growth opportunities; expands its global operation, while also accelerating its proficiency to execute global strategies; and generate substantial financial benefits.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com.
SOURCE WeissLaw LLP