Kirby McInerney LLP is investigating potential claims against the Board of Directors of sTec, Inc. (“sTec” or the “Company”) (NASDAQ: STEC) related to the proposed acquisition of the Company by HGST, a subsidiary of Western Digital Corp. (“HGST”) (NASDAQ: WDC). Under the terms of the transaction, HGST will purchase all of the outstanding common stock of sTec for $6.85 per share in cash, for a net transaction value of approximately $207 million. The investigation concerns whether the sTec Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $6.85 per share consideration adequately values sTec common shares.
If you are a sTec shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at
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