InvenSense Evaluating Indications Of Interest
October 31 2016 - 9:00AM
Business Wire
InvenSense Inc. (NYSE:INVN), a leading provider of MEMS sensor
platform solutions, today announced that in response to significant
interest in the Company, it will consider a number of options to
further enhance stockholder value. The Company’s Board of Directors
has hired a financial advisor to evaluate these indications of
interest while continuing to explore other options that would
advance InvenSense’s strategy.
No decision has been made and there can be no assurance that the
Board’s review process will result in any transaction of any kind.
InvenSense’s Board and management, working with its outside
financial and legal advisors, plan to proceed in an orderly manner,
but have not set a definitive timetable for completion of this
process. The Company does not intend to disclose developments or
provide updates on the progress or status of this process unless it
deems further disclosure is appropriate or required.
Forward-Looking Statements
Statements in this press release that are not historical are
“forward-looking statements” as the term is defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally written in the future tense and/or
preceded by words such as “will,” “expects,” “anticipates,” “plan,”
or other words that imply or predict a future state.
Forward-looking statements include, without limitation, statements
regarding the Company’s strategic options, including a possible
transaction. Investors are cautioned that all forward-looking
statements in this press release involve risks and uncertainty that
can cause actual results to differ materially from those currently
anticipated due to a number of factors including, without
limitation, risk factors discussed in InvenSense’s Annual Report on
Form 10-K for the year ended April 3, 2016 and other documents
filed by us with the Securities and Exchange Commission (SEC) from
time to time. Copies of InvenSense’s SEC filings are posted on the
company’s website and are available from the company without
charge. Forward-looking statements are made as of the date of this
release, and, except as required by law, the company does not
undertake an obligation to update its forward-looking statements to
reflect future events or circumstances.
About InvenSense
InvenSense, Inc. (NYSE:INVN) is the world’s leading provider of
MEMS sensor platforms. InvenSense’s vision of Sensing Everything™
targets the consumer electronics and industrial markets with
integrated Motion and Sound solutions. Our solutions combine MEMS
(micro electrical mechanical systems) sensors, such as
accelerometers, gyroscopes, compasses, and microphones with
proprietary algorithms and firmware that intelligently process,
synthesize, and calibrate the output of sensors, maximizing
performance and accuracy. InvenSense’s motion tracking, audio and
location platforms, and services can be found in Mobile, Wearables,
Smart Home, Industrial, Automotive, and IoT products. InvenSense is
headquartered in San Jose, California and has offices worldwide.
For more information, go to www.invensense.com and
http://www.coursaretail.com.
©2016 InvenSense, Inc. All rights reserved. InvenSense, Sensing
Everything, FireFly, SensorStudio, TrustedSensor, Coursa,
UltraPrint, MotionTracking, MotionProcessing, MotionProcessor,
MotionFusion, MotionApps, InvenSenseTV, DMP, AAR, and the
InvenSense logo are trademarks of InvenSense, Inc. Other company
and product names may be trademarks of the respective companies
with which they are associated.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161031005444/en/
For Investor Inquiries, Contact:Darrow Associates,
Inc.David Allen, 408-427-4463Managing
Directorir@invensense.comorFor Media Inquiries,
Contact:InvenSense, Inc.David Almoslino, 408.501.2278Senior
DirectorCorporate Marketingpr@invensense.com
Invensense, Inc. (NYSE:INVN)
Historical Stock Chart
From May 2024 to Jun 2024
Invensense, Inc. (NYSE:INVN)
Historical Stock Chart
From Jun 2023 to Jun 2024