November 4, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Lattice Semiconductor (NASDAQ:LSCC), was announced concerning whether the takeover of Lattice Semiconductor by Canyon Bridge Capital Partners, Inc. for $8.30 per share is unfair to NASDAQ:LSCC stockholders.

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

On November 3, 2016, Lattice Semiconductor (NASDAQ:LSCC) and Canyon Bridge Capital Partners, Inc. announced that Lattice Semiconductor (NASDAQ:LSCC) and Canyon Bridge Acquisition Company, Inc., an affiliate of Canyon Bridge Capital Partners, Inc, have signed an agreement under which Canyon Bridge Capital Partners, Inc will acquire all outstanding shares of Lattice Semiconductor (NASDAQ:LSCC) for approximately $1.3 billion inclusive of Lattices net debt, or $8.30 per share in cash.

However, the investigation concerns whether the offer is unfair to Lattice Semiconductor (NASDAQ:LSCC stockholders. More specifically, the investigation concerns whether the Lattice Semiconductor (NASDAQ:LSCC 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.

Shares of Lattice Semiconductor (NASDAQ:LSCC) closed on November 4, 2016 at $7.75 per share.