Bragar Eagel & Squire, P.C. Is Investigating the Officers & Directors of Hutchinson Technology Inc. (HTCH) on Behalf of Stock...
November 04 2015 - 5:30PM
Business Wire
Bragar Eagel & Squire, P.C. is investigating potential
claims on behalf of Hutchinson Technology Inc. (NASDAQ:HTCH)
investors concerning the proposed acquisition of the company by TDK
Corporation.
The investigation concerns whether the company’s officers and
board of directors violated their fiduciary duties by failing to
adequately maximize stockholder value. Under the terms of the
proposed transaction, Hutchinson Technology’s stockholders will
receive $3.62 per share in cash (plus the possibility of a small
additional amount depending on the company’s net cash balance) for
each Hutchinson Technology share they own. However, the offer price
of $3.62 per share is below the 52-week high of $4.25 per share and
below the median analyst price target of $4.00 per share.
If you are a Hutchinson Technology stockholder and have
information that could assist in this investigation, please contact
J. Brandon Walker, Esq. by email at
investigations@bespc.com, or telephone at (212) 355-4648, or by
filling out this contact form. There is no cost or obligation to
you.
Bragar Eagel & Squire, P.C. is a New York-based law firm
concentrating in commercial and securities litigation. For
additional information, please go to www.bespc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151104006686/en/
Bragar Eagel & Squire, P.C.J. Brandon Walker, Esq.,
212-355-4648investigations@bespc.com
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