Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Audience, Inc. (NASDAQ: ADNC) breached their fiduciary duties in connection with the proposed sale of the Company to Knowles Corporation. Additional Information: Audience provides voice and audio solutions for mobile devices in South Korea, China, the United States, and internationally. On April 30, 2015, Audience announced it had signed a definitive merger agreement with Knowles. Under the terms of the transaction, Knowles will offer to acquire Audience's common stock for $5.00 per share, consisting of $2.50 in cash and $2.50 in Knowles common stock. The stock portion will be subject to a collar. The investigation concerns whether Audience's board failed to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration, especially given that Audience has no long term debt and has over $44 million in cash. Moreover, one Wall Street analyst has a $10.00 price target on the stock which is more than the $5.00 offer price. Last year the stock traded as high as $13.11. If you are a shareholder of Audience and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ( firstname.lastname@example.org ) at 619-814-4471. If emailing, please include a phone number where you can be reached. About Johnson & Weaver, LLP: Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
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