Faruqi & Faruqi, LLP Announces Investigation of Varian Semiconductor Equipment Associates Inc.
June 24 2011 - 8:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Varian Semiconductor Equipment Associates Inc.
(“Varian” or the “Company”) (NasdaqGS: VSEA) for potential breaches
of fiduciary duties in connection with their duty to disclose
material information in the Preliminary Proxy Statement filed by
the Company with the SEC on June 7, 2011. The Preliminary Proxy
Statement sets forth the terms of the merger agreement entered into
by the Company and Applied Materials, Inc. (NasdaqGS: AMAT) on May
3, 2011. In accordance with the terms of the agreement, Varian
shareholders will receive $63 in cash for each share they own.
Request more information now by clicking here:
www.faruqilaw.com/VSEA
Whether Varian’s Board of Directors breached their fiduciary
duties to Varian’s stockholders by failing to disclose all material
information in the Proxy Statement; whether it failed to maximize
shareholder value and if so by how much the sale undervalues the
Company to the detriment of Varian’s shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Varian and wish to obtain additional
information, please visit us at www.faruqilaw.com/VSEA or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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