WILMINGTON, Del., Oct. 22, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of KLA-Tencor Corp. (NasdaqGS: KLAC)?
- Did you purchase any of your shares prior to October 21, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of KLA-Tencor Corp. ("KLA" or the "Company") (NasdaqGS: KLAC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Lam Research Corp. ("Lam Research") (NasdaqGS: LRCX), in a transaction valued at approximately $10.6 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/kla-tencor-klac.
Under the terms of the agreement, shareholders of KLA will receive $32.00 in cash and 0.5 of a share of Lam Research for each share of KLA common stock owned, the value of which is equivalent to $67.02 per share of KLA.
The investigation concerns whether KLA's board of directors failed to adequately shop the Company and obtain the best possible value for KLA's shareholders before entering into the agreement with Lam Research.
If you own the common stock of KLA and purchased your shares before October 21, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail at [email protected]; or at: http://www.rigrodskylong.com/investigations/kla-tencor-klac.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation, and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Rigrodsky & Long, P.A.