September 1, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of IXYS Corporation (NASDAQ:IXYS), was announced concerning whether the takeover of IXYS Corporation by Littelfuse, Inc. for $23.00 per share is unfair to NASDAQ:IXYS stockholders.

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

On August 28, 2017, Littelfuse, Inc. (NASDAQ:LFUS) and IXYS Corporation (NASDAQ:IXYS) announced that they have entered into an agreement under which Littelfuse will acquire all of the outstanding shares of IXYS in a cash and stock transaction. Under the terms of the agreement, each IXYS stockholder will be entitled to elect to receive, per IXYS share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock, subject to proration.

However, in conjunction with the definitive agreement, Dr. Nathan Zommer, IXYS founder and currently the companys largest stockholder with approximately 21% ownership, has already entered into a voting and support agreement, the investigation concerns whether the offer is unfair to NASDAQ:IXYS stockholders. More specifically, the investigation concerns whether the IXYS 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.

IXYS Corporation reported that its annual Total Revenue rose from $317.21 million for the 12 months period that ended on March 31, 2016 to $322.12 million for the 12 months period that ended on March 31, 2017 and that its Net Income for those respective time periods rose from $14.74 million to $21.35 million.

On September 1, 2017, NASDAQ:IXYS shares closed at $23.05 per share.