WILMINGTON, Del., Aug. 6, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Ikanos Communications, Inc. (NASDAQ
CM: IKAN)?
- Did you purchase any of your shares prior to August 6, 2015?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Ikanos
Communications, Inc. ("Ikanos" or the "Company") (NASDAQ CM: IKAN)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Qualcomm Atheros, Inc., a subsidiary of QUALCOMM
Incorporated ("Qualcomm") (NASDAQ GS: QCOM).
Click here to learn more:
http://rigrodskylong.com/investigations/ikanos-communications-inc-ikan.
Under the terms of the agreement, shareholders of Ikanos will
receive $2.75 in cash for each share
of Ikanos they own.
The investigation concerns whether Ikanos's board of directors
failed to adequately shop the Company and obtain the best possible
value for Ikanos's shareholders before entering into an agreement
with Qualcomm. According to Yahoo! Finance, at least
one analyst has issued a price target for Ikanos stock at
$5.00 per share.
If you own the common stock of Ikanos and purchased your shares
before August 6, 2015, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/ikanos-communications-inc-ikan.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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SOURCE Rigrodsky & Long, P.A.