The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Varian Semiconductor Equipment Associates, Inc. (“Varian Semiconductor” or “VSEA”) (NASDAQ: VSEA) related to the proposed buyout of Varian Semiconductor by Applied Materials, Inc.
On May 4, 2011, the companies announced a definitive merger agreement involving an all-cash transaction valued at approximately $4.9 billion. Under the proposed buyout, Varian Semiconductor shareholders will receive only $63 in cash for each share of Varian Semiconductor/VSEA common stock they hold.
The firms are investigating the fairness of the proposed transaction to Varian Semiconductor shareholders and whether Varian Semiconductor’s Board of Directors acted in the shareholders’ best interests. The firms are also investigating whether Varian Semiconductor’s Board of Directors adequately considered all viable alternatives and properly shopped the company before entering into the acquisition agreement.
If you currently own shares of Varian Semiconductor/VSEA and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.