BALA CYNWYD, PA / ACCESSWIRE / October 29, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Inphi Corporation ("Inphi" or the "Company") (Nasdaq - IPHI) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired byMarvell Technology Group Ltd. ("Marvell") (NASDAQ:MRVL). Under the terms of the agreement, Inphi stockholders will receive $66.00 in cash and 2.323 shares of stock of the combined company for each Inphi share. Upon closing of the transaction, Marvell shareholders will own approximately 83% of the combined company and Inphi stockholders will own only approximately 17% of the combined company.
The investigation concerns whether the Inphi Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Marvell is paying too little for the Company.
If you own shares of Inphi stock 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 Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/inphi-corporation-nasdaq-iphi/, or call toll free 877-534-2590.
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