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Chipmaker Says KKR's $5M Stock Buy Was On The Level

By Leslie A. Pappas ( May 9, 2023, 7:13 PM EDT) -- Semiconductor manufacturer Transphorm Inc. told Delaware's Chancery Court Tuesday that its largest shareholder wasn't involved when its board negotiated a $23 million stock sale to private investors in 2021, so a derivative lawsuit challenging the investor's $5 million stock purchase should be dismissed. . . .

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