WAYNE, Pa.--(BUSINESS WIRE)--Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/tune) is investigating potential claims against the board of directors of Microtune, Inc. ("Microtune" or the "Company") (NASDAQ:TUNE) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Microtune to Zoran Corporation.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Microtune, given that according to Yahoo! Finance, at least one analyst has set a target price of $5.00 per share. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at email@example.com or visit: www.rmclasslaw.com/cases/tune.
Under the terms of the agreement, Microtune shareholders will receive $2.92 in cash for each share of Microtune common stock they hold.
If you own shares of Microtune and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/tune. You may also email Mr. Maniskas at firstname.lastname@example.org. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan and Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.