NEW YORK, Nov. 3, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Hutchinson Technology Incorporated ("Hutchinson") (NASDAQ: HTCH), concerning the proposed acquisition of Hutchinson by TDK Corporation. Hutchinson shareholders seeking more information about this acquisition can contact Carl L. Stine at (212) 759-4600 or firstname.lastname@example.org.
The investigation concerns whether Hutchinson's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the proposed transaction, Hutchinson's shareholders will receive $3.62 per share in cash (plus the possibility of a small additional amount depending on the company's net cash balance) for each Hutchinson share they own. However, the offer price of $3.62 per share is below the 52-week high of $4.25 per share and below the median analyst price target of $4.00 per share.
Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2015 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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