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:
Joshua
Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(888)593-4771
stockinfo@weisslawllp.com
Or visit our website
http://www.weisslawllp.com/integrated-device-technology-inc/
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 stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP