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Electro Scientific Industries, Inc. (ESIO)

NASDAQ:ESIO

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Electro Scientific Industries, Inc. (ESIO)

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Oregon, No. 3:18-cv-02064, on behalf of shareholders of Electro Scientific Industries, Inc (“ESI” or the “Company”) (NASDAQ:ESIO) who have been harmed by ESI’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with  the proposed merger of the Company with MKS Instruments, Inc. (“MKS”).

On October 29, 2018, the Board caused the company to enter into an Agreement and Plan of Merger (“Proposed Transaction”) under which ESI shareholders will receive $30.00 in cash for each share of ESI common stock they hold (the “Merger Consideration”).

The complaint alleges that the Proxy Statement on Schedule 14A (the “Proxy”) filed with the Securities and Exchange Commission (“SEC”) on November 19, 2018, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to ESI shareholders.

If you wish to obtain information concerning this action, you can do so by clicking here: www.faruqilaw.com/ESInotice.

Contact Counsel

Nadeem Faruqi
James M. Wilson, Jr.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 12/19/2018

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