An investigation on behalf of investors, who currently hold shares of Integrated Device Technology, Inc. (NASDAQ: IDTI), was announced concerning whether the takeover of Integrated Device Technology, Inc. is unfair to NASDAQ: IDTI stockholders.

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

San Jose, CA based Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. On September 10, 2018, Renesas Electronics Corporation and Integrated Device Technology, Inc. (IDT, NASDAQ: IDTI) announced they have signed an agreement under which Renesas Electronics Corporation will acquire Integrated Device Technology, Inc. (NASDAQ: IDTI) for US$49.00 per share in an all-cash transaction representing an equity value of approximately US$6.7 billion.

However, the investigation concerns whether the offer is unfair to NASDAQ: IDTI stockholders. More specifically, the investigation concerns whether the Integrated Device Technology 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.


Integrated Device Technology, Inc. reported that its Revenue rose from $728.24 million for the 12 months period that ended on April 2, 2017 to $842.76 million for the 12 months period that ended on April 1, 2018.