An investigation for investors in NASDAQ:DTSI shares was announced concerning the takeover of DTS Inc. by Tessera Technologies, Inc.
Investors who purchased shares of DTS Inc. (NASDAQ:DTSI) and currently hold any of those NASDAQ:DTSI shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of DTS Inc. breached their fiduciary duties owed to NASDAQ:DTSI investors in connection with the proposed acquisition.
On September 20, 2016, Tessera Technologies, Inc. and DTS, Inc. announced that they have entered into an agreement under which Tessera will acquire DTS for $42.50 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ:DTSI stockholders. More specifically, the investigation concerns whether the DTS Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of DTS Inc. (NASDAQ:DTSI) closed on October 6, 2016 at $42.43 per share.
Those who are current investors in NASDAQ:DTSI shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego