Harwood Feffer LLP Announces Investigation of GigPeak, Inc.

NEW YORK, Feb. 15, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of GigPeak, Inc. ("GigPeak" or the "Company") (NYSE: GIG) concerning the proposed acquisition of the Company by Integrated Device Technology, Inc. ("Integrated Device").

Under the terms of the offer, Integrated Device would acquire GigPeak in a transaction valued at approximately $250 million. Pursuant to the terms of the transaction, GigPeak shareholders would receive $3.08 per share in cash. At least one Wall Street analyst set a target price for GigPeak stock of $4.00 per share.

Our investigation concerns whether the GigPeak board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own GigPeak shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

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SOURCE Harwood Feffer LLP