On or around 07/10/2017 (Other)
Filing Date: February 21, 2017
According to the Complaint, on December 21, 2016, the Board caused InvenSense to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, stockholders of InvenSense will receive $13.00 per share in cash.
On February 3, 2016, defendants filed a Preliminary Proxy Statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
Pursuant to a Stipulation by the parties, this case was ordered dismissed on May 26, 2017.
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