WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Key Technology, Inc. (NASDAQ GM: KTEC)?
- Did you purchase any of your shares prior to January 25, 2018?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Key Technology, Inc. (“Key Technology” or the “Company”) (NASDAQ GM: KTEC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Duravant LLC (“Duravant”) in a transaction valued at approximately $175 million. Under the terms of the agreement, shareholders of Key Technology will receive $26.75 in cash for each share of Key Technology common stock.
If you own common stock of Key Technology and purchased any shares before January 25, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at firstname.lastname@example.org.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
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