Finkelstein Thompson LLP Announces Investigation of Semitool, Inc. Acquisition
November 18 2009 - 3:45PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Semitool, Inc. ("Semitool" or the
"Company") (NASDAQ: SMTL) arising from the Company’s announcement
of its intent to be acquired by Applied Materials, Inc. Under the
terms of the proposed agreement, Semitool shareholders will receive
$11.00 in cash for each share of Semitool they own. The transaction
has a total value of $364 million.
The investigation is focused on the potential unfairness of the
price to Semitool shareholders and the process by which the
Company’s Board of Directors considered and approved the
transaction. In particular, the consideration offered to Semitool
shareholders appears to value the stock at substantially less than
the target price for Semitool stock issued by numerous
analysts.
If you are interested in discussing your rights as a Semitool
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, D.C. offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers. To learn more about
Finkelstein Thompson LLP, please visit our web site at
www.finkelsteinthompson.com. Attorney advertising. Prior results do
not guarantee similar outcomes.
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