Kendall Law Group Investigates Techwell Inc. Merger for Shareholders
23 Marzo 2010 - 4:53PM
Business Wire
Kendall Law Group, a national securities litigation firm, is
investigating Techwell Inc. (NasdaqGS:TWLL) for shareholders in
connection to the proposed sale of the Company to Intersil
Corporation. The firm is investigating whether Techwell breached
their fiduciary duties by not properly shopping the Company prior
to entering into the agreement. If you are a TWLL shareholder and
would like additional information about your rights, contact the
Kendall Law Group at 877-744-3728 or by email at
hlindley@kendalllawgroup.com.
On March 22, 2010, Techwell announced that it had entered an
agreement to be purchased by Intersil Corporation in a $370 million
transaction. According to the agreement, shareholders will receive
$18.50 in cash per TWLL share owned. TWLL shares closed as high as
$13.51 as recently as January 13, 2010. This agreement is subject
to a termination fee of approximately $17 million under specific
circumstances. The firm is concerned that Techwell’s Board of
Directors may have kept the Company from reaching a deal that would
provide better value of the Company.
Kendall Law Group, founded by a former federal judge, includes a
former United States Attorney, prosecutors and securities lawyers
who are experienced in complex securities litigation. The firm has
been counsel in many merger and acquisition cases nationwide,
including some of the largest transactions in the United
States.
Grafico Azioni Techwell (MM) (NASDAQ:TWLL)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Techwell (MM) (NASDAQ:TWLL)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Techwell (MM) (NASDAQ): 0 articoli recenti
Più Kendall Law Group Articoli Notizie