INVN Invensense Inc

SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of InvenSense, Inc. And Encourages Investors To Contact The Firm For Additional Information

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of InvenSense, Inc. (NYSE: INVN) (“InvenSense” or the “Company”) relating to the proposed buyout of InvenSense by TDK Corporation, in a transaction valued at approximately $1.3 billion.

Under the terms of the agreement, InvenSense shareholders are anticipated to receive $13.00 in cash for each share of InvenSense common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of InvenSense and believe that the proposed buyout price is too low, and you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

EN
22/12/2016

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Reports on Invensense Inc

 PRESS RELEASE

TDK Completes Acquisition of InvenSense

TOKYO & SAN JOSE, Calif.--(BUSINESS WIRE)-- TDK Corporation (President and CEO: Shigenao Ishiguro, “TDK”) and InvenSense, Inc. (President and CEO: Behrooz Abdi, “InvenSense”) announce that TDK has completed the all-cash acquisition of InvenSense. The acquisition price was $13.00 USD per InvenSense share, and the total acquisition price was approximately $1.3 billion USD. TDK currently focuses on three market segments: automotive, industrial equipment & energy, and information & communications technology (ICT). As par...

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