ArmyO1868
8年前
Posted on another site from the 8-K:
The Merger Agreement contains termination rights for the Company and Parent, including if the Merger is not consummated before June 21, 2017, subject to
a three month extension if necessary to obtain certain regulatory approvals. Upon termination of the Merger Agreement under specified circumstances,
including termination including in connection with the Company’s entry into a definitive agreement providing for the consummation of a superior
alternative acquisition proposal as permitted under the Merger Agreement, the Company will be required to pay Parent a termination fee of $46.7 million.
The Merger Agreement also provides that, upon termination of the Merger Agreement under specified circumstances, Parent will be required to pay the
Company a termination fee of $46.7 million.
IL Padrino
8年前
Speak of the devil...
INVENSENSE, INC. SHAREHOLDER ALERT: Rigrodsky Font size: A | A | A
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Rigrodsky & Long, P.A.:
-- Do you own shares of InvenSense, Inc. (NYSE: INVN)?
-- Did you purchase any of your shares prior to December 21, 2016?
-- 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 InvenSense, Inc. ("InvenSense" or the "Company") (NYSE: INVN) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by TDK Corporation ("TDK"), in a transaction valued at approximately $1.3 billion.
Click here to learn more: http://rigrodskylong.com/investigations/invensense-inc-invn-buyout.
Under the terms of the agreement, shareholders of InvenSense will receive $13.00 in cash for each share of InvenSense common stock.
The investigation concerns whether InvenSense's board of directors failed to adequately shop the Company and obtain the best possible value for InvenSense shareholders before entering into an agreement with TDK.
If you own the common stock of InvenSense and purchased your shares before December 21, 2016, 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 info@rl-legal.com, or at: http://rigrodskylong.com/investigations/invensense-inc-invn-buyout.
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.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20161221005965r1&sid=cmtx6&distro=nx&lang=en
View source version on businesswire.com: http://www.businesswire.com/news/home/20161221005965/en/
SOURCE: Rigrodsky & Long, P.A.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
888-969-4242
302-295-5310
Fax: 302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com
bud_fox
9年前
$INVN ~ with the advent of ioT, INVN will be a major player and grow substantially through 2020. INVN components will be in many everyday products. 55 billion devices will be connected to the internet by 2020 (smart homes, auto, phones, ipads, tablets, drones etc. etc. etc. From the 3 stocks on the list, AMBA is trading at $50.00+ with a market cap of 1.6 billion. IXYS has a market cap of $352 million and currently trading higher than INVN with a market cap of $850 million. INVN is oversold and way undervalued at current levels.