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TUNE Microtune (MM)

2.92
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Microtune (MM) NASDAQ:TUNE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.92 0 01:00:00

Finkelstein Thompson LLP Announces Investigation of Microtune, Inc.

08/09/2010 5:36pm

Business Wire


Microtune (MM) (NASDAQ:TUNE)
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Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Microtune, Inc. (“Microtune” or the “Company”) (NasdaqGM:TUNE) concerning the proposed acquisition of the Company by Zoran Corp. Under the terms of the offer, Microtune shareholders will receive $2.92 in cash for each share of the Company’s common stock held in a transaction valued at approximately $166 million.

The investigation is focused on the potential unfairness of the price to Microtune shareholders, the process by which the Microtune Board of Directors considered the transaction, and potential conflicts of interests on the part of Board members. Yahoo! Finance shows analysts’ low target price of $3.50, median target price of $4.25 and high target price of $5.00 per Microtune share. The Company’s stock was trading between $2.75 and $2.98 from April 1, 2010 through April 29, 2010. Additionally, the Company’s recently announced quarterly results show a revenue level that represents growth of thirty-nine percent year over year.

If you are interested in discussing your rights as a Microtune shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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