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 email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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