We are investigating whether the directors of Tower Semiconductor Ltd. (Nasdaq: TSEM) (“TSEM”) acted in the best interests of TSEM shareholders in approving the sale of TSEM to Intel Corporation (“Intel”) for $53.00 per share in cash.
If you remain a TSEM shareholder and have questions about your legal rights, please contact us using the form below to discuss your options at no charge.
Why is there an investigation?
On February 15, 2022, TSEM announced an agreement for Intel to purchase all outstanding shares of TSEM for $53.00 per share in cash. The agreement has been approved by the boards of both companies.
Our investigation concerns whether TSEM’s board acted in the best interests of TSEM shareholders in approving the sale to Intel, including whether the acquisition price adequately compensates TSEM shareholders, and whether all information regarding approval of the transaction has been fully disclosed.