A challenge to a $250m merger filed by a GigPeak shareholder has been dropped, paving the way for the semiconductor and software provider to join with Integrated Device Technology (IDT). The case was brought against IDC in California federal court on behalf of GigPeak, which is based in San Jose, California.
A challenge to a $250m merger filed by a GigPeak shareholder has been dropped, paving the way for the semiconductor and software provider to join with Integrated Device Technology (IDT). A Delaware federal court determined that GigPeak offered shareholders enough information about the deal and closed the case.