NEW
YORK, Jan. 24, 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 identified
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, an emerging technology that
could replace traditional silicon-based semiconductors. Transphorm
is an industry leader, causing Wall Street analysts to establish
stock targets as high as $8 per
share.
On January 11, 2024, Transphorm
announced 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