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The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Varian Sem...

Date : 05/09/2011 @ 11:42AM
Source : Business Wire
Stock : Varian Semiconductor (MM) (VSEA)
Quote : 62.93  0.0 (0.00%) @ 2:05AM
Varian share price Chart

The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Varian Sem...

Varian (NASDAQ:VSEA)
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The Law Offices of Vincent Wong are 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 proposed transaction, Varian shareholders will receive $63 per share in cash 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 Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/varian-semiconductor.html.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.



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