NEW YORK, Oct. 26, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of KLA-Tencor Corporation ("KLA-Tencor" or the "Company") (NasdaqGS:KLAC) for potential breaches of fiduciary duties in connection with the sale of the Company to Lam Research for approximately $10.6 billion in a cash and common stock transaction.
The Company's stockholders will only receive $32.00 in cash and .50 shares of Lam Research common stock for each share of Company common stock they own, or approximately $68.31 per share. However, at least one analyst has set a price target for KLA-Tencor stock at $81.00 per share.
Click here for more information: www.faruqilaw.com/KLAC. There is no cost or obligation to you.
The investigation focuses on whether KLA-Tencor's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of KLA-Tencor's shareholders.
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If you own common stock in KLA-Tencor and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/KLAC or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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