BALA CYNWYD, Pa., Sept. 21, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of DTS, Inc. ("DTS"
or "the Company") (Nasdaq- DTSI-News) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Tessera Technologies, Inc.
("Tessera").
Click here to learn more about the investigation
http://brodsky-smith.com/1121-dtsi-dts-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, DTS shareholders will
receive only $42.50 in cash for each
share of DTS stock they own. The investigation concerns whether the
Board of DTS breached their fiduciary duties to shareholders
and whether Tessera is underpaying for the Company. The transaction
may undervalue the Company and would result in a loss for many
long-term DTS shareholders. For example, DTS has beaten analyst
estimates for revenue, adjusted net income, and adjusted earnings
per share in three of the past four quarters.
If you own shares of DTS 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 Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting http://brodsky-smith.com/1121-dtsi-dts-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.
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SOURCE Brodsky & Smith, LLC