An investor in NASDAQ:LSCC shares filed a lawsuit against the acquisition of Lattice Semiconductor by Canyon Bridge Capital Partners, Inc..
Investors who purchased shares of Lattice Semiconductor (NASDAQ:LSCC) and currently hold any of those NASDAQ:LSCC shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:LSCC stockholders by agreeing to sell Lattice Semiconductor too cheaply via an unfair process to Canyon Bridge Capital Partners.
On November 3, 2016, Lattice Semiconductor (NASDAQ:LSCC) and Canyon Bridge Capital Partners, Inc. announced that Lattice Semiconductor (NASDAQ:LSCC) and Canyon Bridge Acquisition Company, Inc., an affiliate of Canyon Bridge Capital Partners, Inc, have signed an agreement under which Canyon Bridge Capital Partners, Inc will acquire all outstanding shares of Lattice Semiconductor (NASDAQ:LSCC) for approximately $1.3 billion inclusive of Lattice’s net debt, or $8.30 per share in cash.
However, plaintiff claims that the proposed consideration NASDAQ:LSCC shareholders will receive is grossly inadequate and undervalues Lattice Semiconductor. In addition, the plaintiff alleges that the process is also unfair NASDAQ:LSCC stockholders.
Those who are current investors in NASDAQ:LSCC shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego