BALA CYNWYD, PA / ACCESSWIRE / November 12, 2020 / Brodsky & Smith, LLC reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other violations of federal and state law with respect to proposed acquisition transactions. If you own shares of any of the below-referenced stocks 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 510, Bala Cynwyd, PA 19004, or calling toll free 877-534-2590. There is no cost or financial obligation to you.
Inphi Corporation (Nasdaq:IPHI)
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.
Additional information can be found at https://www.brodskysmith.com/cases/inphi-corporation-nasdaq-iphi/, or call 877-534-2590. No cost or obligation to you.
Telenav, Inc. (Nasdaq:TNAV)
Under the terms of the agreement, Telenav shareholders will receive only $4.80 in cash for each share they own. The investigation concerns whether the Telenav Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether V99, Inc. is paying too little for the Company. For example, the deal consideration is well below the 52-week high of $6.50 for the Company's shares and the average wall street analyst price target for the stock is $8.00 a share.
Additional information can be found at https://www.brodskysmith.com/cases/telenav-inc-nasdaq-tnav/, or call 877-534-2590. No cost or obligation to you.
Alaska Communications Systems Group, Inc. (Nasdaq:ALSK)
Under the terms of the agreement, Alaska shareholders will receive only $3.00 in cash for each share they own. The investigation concerns whether the Alaska Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether GCM is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/alaska-communications-systems-group-inc-nasdaq-alsk/, or call 877-534-2590. No cost or obligation to you.
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