Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Varian Semicon...
May 05 2011 - 1:44PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Varian Semiconductor Equipment Associates, Inc.
(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 in cash per share
for a total transaction value of approximately $4.9 billion.
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.
If you own common stock in Varian and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/varian-semiconductor.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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