A law firm announces it's investigating the
proposed merger
of Magma Design (NASDAQ:LAVA) and Synopsys (NASDAQ:SNPS) to determine if the board undertook a "fair process to obtain maximum value and adequately compensate shareholders." A release from the firm notes three analysts have higher price targets than the agreed $7.35/share offer price. Shares of LAVA, undeterred by the legal threat, trade 25.2% higher premarket.
A law firm announces it's investigating the proposed merger of Magma Design (NASDAQ:LAVA) and...
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Symbol | Last Price | % Chg |
---|---|---|
LAVA | - | - |
Magma Design Automation, Inc. |