The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Varian Sem...
May 09 2011 - 11:42AM
Business Wire
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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