Hutchinson Technology Incorporated Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Merg...
November 03 2015 - 2:06PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Hutchinson Technology Incorporated (“Hutchinson”)
(Nasdaq: HTCH) concerning the merger with TDK Corporation. Under
the terms of the agreement, Hutchinson shareholders will only
receive $3.62 per share in cash and up to $0.38 additional
consideration in cash per share held, which is virtually no premium
over the 52-week high and at least one analyst’s estimated value of
$4.00 per share.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick
Powers at Powers Taylor LLP via e-mail at
shareholder@powerstaylor.com or by calling toll free at (877)
728-9607. There is no cost or fee to you.
The investigation centers on whether Hutchinson’s Board of
Directors is acting in the shareholders’ best interests, whether
the board is properly negotiating a higher share price for the
shareholders, and whether the board has employed an adequate
process to review and act on the proposed transaction. Notably, at
least one analyst with Yahoo! Finance believes the true inherent
value of Hutchinson could be as high as $4.00 per share.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151103006693/en/
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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