Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors ("Board") of Microtune, Inc. ("Microtune" or the "Company") (NASDAQ: TUNE) in connection with their efforts to sell Microtune to Zoran Corporation ("Zoran") (NASDAQ: ZRAN). If the transaction is completed, Microtune shareholders will receive $2.92 in cash for each share of Microtune common stock they hold. The transaction is expected to close in the fourth quarter of the year.

Robbins Umeda LLP's investigation concerns whether the Microtune Board undertook a fair process to obtain fair consideration for all shareholders of Microtune. Specifically, our investigation concerns whether the Company's Board breached their fiduciary duties to Microtune shareholders by failing to adequately shop the Company before entering into the transaction with Zoran. Notably, at least one analyst set a price target for the Company at $5.00 per share.

If you are a shareholder of Microtune, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Advertisement

Microtune (MM) (NASDAQ:TUNE)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Microtune (MM).
Microtune (MM) (NASDAQ:TUNE)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Microtune (MM).