Harwood Feffer LLP Announces Investigation of DTS, Inc.

Mittwoch, 21.09.2016 16:30 von

PR Newswire

NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of DTS, Inc. ("DTS" or the "Company") (NASDAQ: DTSI) concerning the proposed acquisition of the Company by Tessera Technologies, Inc. ("Tessera").

Harwood Feffer LLP.

Under the terms of the offer, Tessera would acquire DTS in a transaction valued at approximately $850 million.  Pursuant to the deal, DTS stockholders will receive $42.50 in cash per share owned.

Our investigation concerns whether the DTS 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 DTS 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.
Craig Lowther
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. 

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP