Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Intersil Corporation (NASDAQ: ISIL) acted responsibly on behalf of investors’ profitability in the planned $3.2 billion sale to Renesas Electronics Corporation.
On September 13, 2016, Intersil Corporation (NASDAQ: ISIL) and Renesas Electronics Corporation announced that they had entered into a merger agreement. Under the terms of the merger agreement, Renesas will offer Intersil shareholders $22.50 per share in cash for all outstanding shares.
Based in Milpitas, CA, and founded in 1967 Intersil Corporation designs and develops power management and precision analog integrated circuits for applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets.
The investigation focuses on whether NASDAQ: ISIL investors received the highest price and whether the directors of Intersil Corporation acted in the best interest of Intersil Corporation company and its shareholders.
If you purchased Intersil Corporation (NASDAQ: ISIL) prior to September 13, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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