Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Varian Semiconductor...
May 04 2011 - 12:21PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Varian Semiconductor Equipment Associates, Inc. (“Varian” or the
“Company”) (Nasdaq: VSEA) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Applied Materials, Inc. (Nasdaq: AMAT). Under the
terms of the transaction, Varian shareholders will receive $63 per
share of Varian stock they own for a total transaction value of
$4.9 billion.
Click here to learn how to join the action:
http://www.zlk.com/varian-semiconductor-vsea.html, or call:
877-363-5972.
The investigation concerns whether the Varian Board of Directors
breached their fiduciary duties to Varian stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Applied Materials, Inc. is underpaying for
Varian shares, thus unlawfully harming Varian stockholders.
If you own common stock in Varian and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://www.zlk.com/varian-semiconductor-vsea.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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