Faruqi & Faruqi, LLP Announces the Investigation of KLA-Tencor Corporation (KLAC) Over the Proposed Sale of the Company to Lam Research
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.
If you own common stock in KLA-Tencor and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
* The submission of this form does not create an attorney-client relationship.
Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.