Quantenna Communications, Inc. (QTNA) Alert: Johnson Fistel Investigates Proposed Sale of Quantenna Communications, Inc.; Are Quantenna Shareholders Getting a Fair Deal?
28 March 2019
SAN DIEGO, March 28, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Quantenna Communications, Inc. (Nasdaq: QTNA) ("Quantenna") breached their fiduciary duties in connection with the proposed sale of the Company to ON Semiconductor Corporation ("ON").
On March 28, 2019, Quantenna announced that it had signed a definitive merger agreement with ON. Under the terms of the agreement, all Quantenna shareholders will receive $24.50 in cash per share.
The investigation concerns whether the Quantenna board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Quantenna shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration.
If you are a shareholder of Quantenna and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact Scott Holleman (scotth@johnsonfistel.com) at 212-802-1486. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Scott Holleman, 212-802-1486
scotth@johnsonfistel.com
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