NEW YORK, Nov. 21, 2017 /PRNewswire/ -- Notice is
hereby given that Monteverde & Associates PC has filed a class
action lawsuit in the United States District Court For The Northern
District California, case no. 17-cv-06441, on behalf of
shareholders of IXYS Corporation, ("IXYS" or the "Company")
(NasdaqGS: IXYS) who held IXYS securities and have been harmed
by IXYS and its board of directors' (the "Board") for alleged
violations of Sections 14(a), and 20(a) of the Securities Exchange
Act of 1934 (the "Exchange Act") in connection with the sale of the
Company to Littelfuse, Inc.
Under the terms of the agreement, IXYS shareholder will receive
(i) 23.00 in cash (subject to applicable withholding tax), without
interest (referred to as the cash consideration), or (ii) 0.1265 of
a share of common stock, par value $0.01 per share, of Littelfuse (referred to as
the stock consideration and together with the cash consideration,
the merger consideration) (the "Merger Consideration"). The
complaint alleges that this offer is inadequate and alleges that
the Registration Statement in Form S-4 (the "Proxy") provides
materially incomplete and misleading information about the
Company's financials and the transaction, in violation of Sections
14(a), and 20(a) of the Exchange Act.
If you wish to serve as lead plaintiff, you must move the Court
no later than 60 days from today. Any member of the putative
class may move the Court to serve as lead plaintiff through counsel
of their choice, or may choose to do nothing and remain an absent
class member. If you wish to discuss this action, or have any
questions concerning this notice or your rights or interests,
please contact:
Click here for more information:
www.monteverdelaw.com/investigations/m-a/ It is free and there
is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed that has
recovered millions of dollars and is committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. Prior results do not guarantee a similar outcome with
respect to any future matter.
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SOURCE Monteverde & Associates PC