MILWAUKEE, Feb. 14, 2022 /PRNewswire/ — Ademi LLP is investigating Resonant (NASDAQ: RESN) for possible breaches of fiduciary duty and other violations of law in its transaction with Murata.
Click here to learn how to join the action: https://www.ademilaw.com/case/resonant-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Resonant’s financial outlook and prospects are excellent and yet Resonant shareholders will receive only $4.50 per share in cash. The merger agreement unreasonably limits competing bids for Resonant by prohibiting solicitation of further bids, and imposing a significant penalty if Resonant accepts a superior bid. Resonant insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Resonant’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Resonant.
If you own Resonant common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/resonant-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE Ademi LLP
This is not a CAPTIS article. Originally, it was published here.