WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of GigPeak, Inc. (NYSE MKT: GIG)?
- Did you purchase any of your shares prior to February 13, 2017?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of GigPeak, Inc. (“GigPeak” or the “Company”) (NYSE MKT: GIG) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Integrated Device Technology, Inc. (“IDT”) (NASDAQ GS: IDTI), in a transaction valued at approximately $250 million.
Click here to learn more: http://rigrodskylong.com/investigations/gigpeak-inc-gig.
Under the terms of the agreement, shareholders of GigPeak will receive $3.08 in cash for each share of GigPeak common stock.
The investigation concerns whether GigPeak’s board of directors failed to adequately shop the Company and obtain the best possible value for GigPeak shareholders before entering into an agreement with IDT.
If you own the common stock of GigPeak and purchased your shares before February 13, 2017, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/gigpeak-inc-gig.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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