Law360, New York (April 12, 2017, 2:40 PM EDT) -- A GigPeak Inc. shareholder dropped a challenge to the semiconductor and software firm’s $250 million merger with Integrated Device Technology Inc., telling a Delaware federal court Tuesday that GigPeak released enough information about the deal to render the case moot.GigPeak’s supplemental disclosures filed with the U.S. Securities and Exchange Commission on March 24 satisfied investor Vladimir Gusinsky Revocable Trust’s questions about how the deal was calculated and the potential conflicts of interest between GigPeak’s top brass and IDT, according to Tuesday's request for a sign-off on the suit's voluntary dismissal.“Plaintiff agrees that as a result of the filing of... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
A related to a $ 250 million merger filed by a GigPeak shareholder has been dropped , paving the way for the semiconductor and software provider to join with Integrated Device technologies ( hp ) . A subsequent federal court determined that GigPeak gave shareholders enough information about the merger and dismissed the case .