Bragar Eagel & Squire, P.C. Is Investigating the Officers and Directors of Hutchinson Technology Inc. (HTCH) on Behalf of Stockholders

NEW YORK--()--Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Hutchinson Technology Inc. (NASDAQ:HTCH) investors concerning the proposed acquisition of the company by TDK Corporation.

The investigation concerns whether the company’s officers and board of directors violated their fiduciary duties by failing to adequately maximize stockholder value. Under the terms of the proposed transaction, Hutchinson Technology’s stockholders 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 Technology 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.

If you are a Hutchinson Technology stockholder and have information that could assist in this investigation, please contact J. Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information, please go to www.bespc.com.

Contacts

Bragar Eagel & Squire, P.C.
J. Brandon Walker, Esq., 212-355-4648
investigations@bespc.com

Release Summary

Bragar Eagel & Squire, P.C. is investigating the officers and directors of Hutchinson Technology Inc. on behalf of stockholders.

Contacts

Bragar Eagel & Squire, P.C.
J. Brandon Walker, Esq., 212-355-4648
investigations@bespc.com