SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Adesto Technologies Corporation (NasdaqGS - IOTS)
BALA CYNWYD, PA / ACCESSWIRE / February 25, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Adesto Technologies Corporation ("Adesto" or the "Company") (IOTS) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Dialog Semiconductor plc ("Dialog"). Under the terms of the agreement, Adesto shareholders will receive only $12.55 for each share of Adesto stock that they own.
The investigation concerns whether the Adesto Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Dialog is underpaying for the Company. For example, at least one financial analyst following the Company has set a price target of $13.00 for Adesto shares.
If you own shares of Adesto stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/adesto-technologies-corporation-nasdaqgs-iots/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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