We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of NeoPhotonics Corporation (“NeoPhotonics” or the “Company”) (NYSE: NPTN) in connection with the proposed acquisition of the Company by Lumentum Holdings Inc. (“Lumentum”) (NASDAQ: LITE). Under the terms of the acquisition agreement, the Company’s shareholders will receive $16.00 per share in cash for each share of NeoPhotonics common stock that they hold. The transaction is valued at approximately $918 million.
WeissLaw LLP is investigating whether: (i) NeoPhotonics’ board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates NeoPhotonics’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.