InvenSense (INVN) Announces Plans to Evaluate Recent Indications of Interest; Taps Advisor

October 31, 2016 9:01 AM EDT

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InvenSense Inc. (NYSE: INVN) announced that in response to significant interest in the Company, it will consider a number of options to further enhance stockholder value. The Company’s Board of Directors has hired a financial advisor to evaluate these indications of interest while continuing to explore other options that would advance InvenSense’s strategy.

No decision has been made and there can be no assurance that the Board’s review process will result in any transaction of any kind. InvenSense’s Board and management, working with its outside financial and legal advisors, plan to proceed in an orderly manner, but have not set a definitive timetable for completion of this process. The Company does not intend to disclose developments or provide updates on the progress or status of this process unless it deems further disclosure is appropriate or required.

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