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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Ikanos Communications Inc (NASDAQ: IKAN) acted responsibly on behalf of investors’ profitability in the planned sale to QUALCOMM Incorporated (NASDAQ: QCOM).
On August 6, 2015, Ikanos Communications Inc (NASDAQ: IKAN) and QUALCOMM Incorporated (NASDAQ: QCOM) announced that they had entered into a merger agreement. Under the terms of the merger agreement, QUALCOMM will offer Ikanos shareholders $2.75 per share in cash for all outstanding shares.
Based in Fremont, CA, and founded in 1999 Ikanos Communications Inc designs, develops, markets, and sells semiconductors and integrated firmware products for home use for many of the world’s leading network equipment manufacturers and telecommunications service providers.
The investigation is looking to uncover whether Ikanos Communications Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $5.00 per share.
If you purchased Ikanos Communications Inc (NASDAQ: IKAN) prior to August 6, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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