Investigation announced for Investors in Inphi Corporation (NASDAQ: IPHI) over Takeover

An investigation was announced concerning whether the takeover of Inphi Corporation is unfair to NASDAQ: IPHI stockholders.

Investors who purchased shares of Inphi Corporation (NASDAQ: IPHI) and currently hold any of those NASDAQ: IPHI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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

San Jose, CA based Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets in China, the United States, Thailand, and internationally.

On Oct. 29, 2020, Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, and Inphi Corporation (NASDAQ: IPHI), a leader in high-speed data movement, today announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Marvell will acquire Inphi in a cash and stock transaction.

Under the terms of the definitive agreement, the transaction consideration will consist of $66 in cash and 2.323 shares of stock of the combined company for each Inphi share. Based on a closing price of $38.21 per NASDAQ: MRVL share on October 28, 2020, investors in NASDAQ: IPHI shares will receive a value of approximately $154.76 per share.

However, given that at least one analyst has set the high target price for NASDAQ: IPHI shares at $182 per share, the
investigation concerns whether the offer is unfair to NASDAQ: IPHI stockholders. More specifically, the investigation concerns whether the Inphi 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.

Inphi Corporation reported that its annual Total Revenue rose from $294.49 million in 2018 to $365.63 million in 2019.

Shares of Inphi Corporation (NASDAQ: IPHI) closed on November 2, 2020, at $137.85 per share.

Those who are current investors in Inphi Corporation (NASDAQ: IPHI) shares have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.