NEW
YORK, Jan. 11, 2024 /PRNewswire/ -- Julie
& Holleman LLP, a nationally recognized shareholder rights
firm, is investigating the proposed $5.10 per share acquisition of Transphorm, Inc.
(Nasdaq: TGAN) to Renesas Electronics Corporation. Julie &
Holleman believes the deal price may be unfair and has already
uncovered potential conflicts of interest.
For a free consultation, please visit
https://julieholleman.com/transphorm/ to submit your contact
information.
Transphorm is a global leader in the new wave of semiconductors.
It designs and manufactures high performance and high reliability
gallium nitride ("GaN") semiconductors for high voltage power
conversion applications. GaN semiconductors have the potential to
replace traditional silicon-based semiconductors and, thus, have
extraordinary commercial potential.
Based on Transphorm's leader status in an emerging field, Wall
Street analysts have raved about the company's potential. Analysts
have even established 1-year price targets as high as $8 per share, with an average target of
$5.36 per share.
Despite its immense growth prospects, Transphorm announced on
January 11, 2024 that it had agreed
to be acquired by Renesas for $5.10
per share. When the acquisition closes, which is expected in the
second half of 2024, current Transphorm shareholders will lose
their stock in exchange for the sale price.
Julie & Holleman, a firm with extensive experience in
mergers and acquisitions litigation, is concerned not only about
the unfair price being offered, but also about potential conflicts
of interest. In particular, private equity behemoth KKR owns
approximately 38.6% of Transphorm and may have interests that
conflict with other shareholders' interests.
If you would like more information about Julie & Holleman's
investigation, or about the acquisition in general, please contact
W. Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020. You may
also visit the firm's website here.
Julie & Holleman is a boutique law firm that focuses
exclusively on shareholder litigation. The firm's attorneys
litigate in state and federal courts across the nation and have
helped secure hundreds of millions of dollars for aggrieved
companies and their shareholders. For more information, please
visit www.julieholleman.com. This notice may constitute attorney
advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP