August 10, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Ikanos Communications, Inc. (NASDAQ:IKAN), was announced concerning whether the takeover of Ikanos Communications, Inc. by Qualcomm Incorporated for $2.75 per share is unfair to NASDAQ:IKAN stockholders.

The investigation by a law firm concerns whether certain officers and directors of Ikanos Communications, Inc. breached their fiduciary duties owed to NASDAQ:IKAN investors in connection with the proposed acquisition.

Fremont, CA based Ikanos Communications, Inc. is a provider of advanced semiconductor products and software for delivering broadband solutions to the connected home. On August 5, 2015, Qualcomm Atheros, Inc., a subsidiary of Qualcomm Incorporated, King Acquisition Co., a subsidiary of Qualcomm Atheros, and Ikanos Communications, Inc. (NASDAQ:IKAN) entered into an Agreement and Plan of Merger . Under the terms of the proposed transaction, Qualcomm Atheros, through King Acquisition Co., will commence a tender offer to acquire all of the issued and outstanding shares of Ikanos Communications, Inc. (NASDAQ:IKAN) common stock, $0.001 par value, for $2.75 per share, without interest , in cash, subject to any applicable withholding taxes, and assume all outstanding indebtedness at the closing of the transaction.

However, given that at least one analyst has set the high target price for NASDAQ:IKAN shares at $5.00 per share, investigation concerns whether the offer is unfair to NASDAQ:IKAN stockholders. More specifically, the investigation concerns whether the Ikanos Communications 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.