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If you purchased shares of DTS Inc. (NASDAQ:DTSI) and currently hold any of those NASDAQ:DTSI shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
September 27, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of DTS Inc. (NASDAQ:DTSI), was announced concerning whether the takeover of DTS Inc. by Tessera Technologies, Inc is unfair to NASDAQ:DTSI stockholders.
The investigation by a law firm concerns whether certain officers and directors of DTS Inc. breached their fiduciary duties owed to NASDAQ:DTSI investors in connection with the proposed acquisition.
On September 20, 2016, Tessera Technologies, Inc. and DTS, Inc. announced that they have entered into an agreement under which Tessera will acquire DTS for $42.50 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ:DTSI stockholders. More specifically, the investigation concerns whether the DTS Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
