NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of KLA-Tencor Corporation (NASDAQ:KLAC) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop KLA-Tencor to maximize shareholder value before agreeing to be acquired by Lam Research Corporation (NASDAQ:LRCX).
If you would like to join the action, go to the firm’s website at http://rosenlegal.com/cases-761.html or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive $32.00 in cash and 0.5 shares of Lam Research common stock for each share of KLA-Tencor’s common stock they own. The proposed transaction is valued at approximately $10.6 billion. The investigation relates to whether the proposal is fair to the public shareholders of KLA-Tencor and whether KLA-Tencor’s Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of KLA-Tencor and wish to obtain additional information, please visit the firm’s website at http://rosenlegal.com/cases-761.html. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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