Semiconductor Company Sued Over Proposed Merger
Tech your username January 6, 2021 On Tuesday, a common stock shareholder of semiconductor company Inphi Corporation filed a complaint in the Southern District of New York against the company and its board of directors for their purported Securities Exchange Act of 1934 violations in relation to a proposed merger between Inphi and semiconductor company Marvell Technology Group Ltd. According to the complaint, on October 29, 2020, Inphi entered into a merger agreement with Marvell, Holdco, Bermuda Merger Sub, and Delaware Merger Sub, under which, “(i) Bermuda Merger Sub will be merged with a...
Source: lawstreetmedia.com