The Law Firm of Weiss & Lurie Investigates FSI International, Inc.
August 13 2012 - 6:17PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of FSI International,
Inc. (NASDAQ: FSII) arising from its agreement for FSI to be
acquired by Tokyo Electron Limited in a transaction valued at
approximately $252.5 million. Under the terms of the agreement,
FSI’s shareholders will receive $6.20 in cash for each share of FSI
stock at closing. The acquisition, expected to close in calendar
year 2012, will be completed pursuant to a cash tender offer
followed by a second step merger.
Weiss & Lurie is investigating whether FSI’s Board acted in
the best interests of shareholders in approving this deal. Multiple
analysts have set a target price for FSI stock above $6.20, with a
high target set at $7.50. Additionally, FSI recently announced its
third quarter and first nine months fiscal 2012 financial results
reporting a 98 percent sales increase to $50.8 million, compared to
$25.6 million for the same period in fiscal 2011. Moreover, FSI’s
net income for the first nine months of fiscal 2012 was $10.7
million, as compared to net income of $6.5 million for the first
nine months of fiscal 2011. If you own FSI shares and would like
more information about your rights as a shareholder or additional
information concerning our investigation, please contact Michael A.
Rogovin either by telephone at (888) 593-4771 or by email at
info@weisslurie.com.
Weiss & Lurie 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
institutions and individuals and obtained important corporate
governance in 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
issuing materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at info@weisslurie.com or fill out the form on our
website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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