SHAREHOLDER ALERT: WeissLaw LLP Investigates Adesto Technologies Corporation

NEW YORK, Feb. 20, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Adesto Technologies Corporation ("IOTS" or the "Company") (NASDAQ: IOTS) in connection with the proposed acquisition of the Company by Dialog Semiconductor plc ("Dialog"). Under the terms of the acquisition agreement, shareholders will receive $12.55 for each IOTS share they own.

If you own IOTS shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/adesto-technologies-corporation/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw is investigating whether IOTS's Board acted to maximize shareholder value prior to entering into the acquisition agreement. The per-share offer price represents only a small 9% premium over the Company's September 12 trading price of $11.45.

In addition, the transaction is anticipated to accretive to Dialog's earnings per share in the first full calendar year following the close of the transaction. Dialog also expects annual cost synergies of approximately $20 million, revenue synergies, and full year revenue of approximately $118 million after the close of the transaction.

Finally, the Company announced record financial results for the third quarter of 2019. It reported revenue of $32 million, representing a remarkable increase of 46.1% year-over-year when compared to the figures reported in the same period of the previous year.

Given these facts, WeissLaw is concerned whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

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SOURCE WeissLaw LLP