Harwood Feffer LLP Announces Investigation of Hutchinson Technology Incorporated

Nov 02, 2015, 16:10 ET from Harwood Feffer LLP

NEW YORK, Nov. 2, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Hutchinson Technology Incorporated ("Hutchinson" or the "Company") (NASDAQ: HTCH) concerning the proposed acquisition of the Company by TDK Corporation ("TDK").

Under the terms of the offer, the TDK would acquire Hutchinson in a transaction valued at approximately $140 million.  Pursuant to the deal, Hutchinson stockholders would receive $3.62 in cash per share and to $0.38 per share depending on a formula related to Hutchinson's cash levels. 

Our investigation concerns whether the Hutchinson board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Hutchinson shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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