TGAN SPECIAL ALERT: Transphorm Shareholders Seeking More Money Should Contact Julie & Holleman Regarding Sale to Renesas
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 [email protected] 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
SOURCE Julie & Holleman LLP
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