BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of KLA-Tencor Corporation ("KLA-Tencor” or "the Company") (Nasdaq: KLAC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Lam Research.
Click here to learn more about the investigation http://brodsky-smith.com/993-klac-kla-tencr-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction KLA-Tencor shareholders will receive only $32.00 in cash and 0.5 of a share of Lam Research for each share of KLA-Tencor stock they own. The transaction values KLA-Tencor at only approximately $67.02 per share. The investigation concerns whether the Board of KLA-Tencor breached their fiduciary duties to shareholders and whether Lam Research is underpaying for KLA-Tencor. The transaction may undervalue KLA-Tencor and will result in a loss for many KLA-Tencor shareholders. For example, KLA-Tencor stock traded at $83.71 per share on November 24, 2014 and an analyst has placed an $81.00 per share price target on KLA-Tencor stock.
If you own shares of KLA-Tencor stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/993-klac-kla-tencr-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.