NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Orbotech Ltd. (“Orbotech” or the “Company”) (NASDAQ: ORBK) stock prior to March 19, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Orbotech to KLA-Tencor Corporation (NASDAQGS: KLAC). Under the terms of the transaction, Orbotech shareholders will receive $38.86 in cash and 0.25 of a KLA-Tencor common share for each share of Orbotech they own. Based on the closing price of KLA-Tencor stock on March 16, 2018, this represents a value of approximately $69.02 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Orbotech breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether KLA-Tencor Corporation is underpaying for Orbotech shares, thus unlawfully harming Orbotech shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.