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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Quantenna Corporation (“Quantenna” or the “Company”)(NASDAQGS: QTNA) to ON Semiconductor Corporation (NASDAQGS: ON). Under the terms of the transaction, Quantenna shareholders will receive $24.50 per share.
The Quantenna merger investigation concerns whether the Board of Quantenna breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether ON Semiconductor is underpaying for Quantenna shares, thus unlawfully harming Quantenna shareholders.
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