FSI International Inc. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Gol...
August 14 2012 - 12:53PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
FSI International Inc. (“FSI” or the “Company”) (NASDAQ:FSII)
related to the proposed acquisition of the Company by Tokyo
Electron Limited. The transaction is valued at approximately $252.5
million or $6.20 per share.
This investigation concerns whether the Board of Directors of
FSI breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Its share price has
skyrocketed from $1.74 on October 3, 2011 to $4.44 on June 19,
2012. Further, at least one analyst has set a target price for the
Company’s stock at $7.50.
If you are a shareholder of FSI, if you have information or
would like to learn more about our investigation, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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