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Do you own shares of TriQuint Semiconductor, Inc. (NASDAQ GS: TQNT)?
Did you purchase any of your shares prior to February 24, 2014?
Do you think the proposed merger 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 TriQuint Corporation, Inc. (“TriQuint” or the “Company”) (NASDAQ GS:
TQNT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to effect a strategic combination with RF Micro Devices, Inc. (“RFMD”) (NASDAQ GS:
RFMD), in a transaction valued at approximately $1.5 billion.
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Under the terms of the proposal, public shareholders of TriQuint will receive 1.675 shares of the common stock of the newly formed company for each share of TriQuint they own. The transaction represents an implied price of $9.23 for each TriQuint share.
The investigation concerns whether TriQuint’s board of directors failed to adequately shop the Company and obtain the best possible value for TriQuint’s shareholders before entering into an agreement with RFMD. According to Yahoo! Finance, at least one analyst has issued a price target for TriQuint stock at $10.00 per share.
If you own the common stock of TriQuint and purchased your shares before February 24, 2014, 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, Delaware 19803, by telephone at (888) 969-4242; by e-mail to
email@example.com, or at:
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.
Attorney advertising. Prior results do not guarantee a similar outcome.