Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Integrated Device Technology Inc (NASDAQ: IDTI) acted responsibly on behalf of investors’ profitability in the planned sale to Renesas Electronics.

On September 11, 2018, Integrated Device Technology Inc (NASDAQ: IDTI) and Renesas Electronics announced that they had entered into a merger agreement. Under the terms of the merger agreement, Renesas Electronics will offer Integrated Device Technology shareholders $49.00 per share in cash for all outstanding shares.    

Based in San Jose, California, and founded in 1980 Integrated Device Technology Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets.

The investigation is looking to uncover whether Integrated Device Technology Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $51.00 per share.

If you purchased Integrated Device Technology Inc (NASDAQ: IDTI) prior to September 11, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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