Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors FSI International, Inc. (“FSI” or the “Company”) (NASDAQ: FSII) (ISIN: US3026331021) concerning the proposed acquisition of FSI by Tokyo Electron Limited in a cash transaction valued at approximately $252.5 million. The investigation concerns whether the FSI directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, FSI shareholders would receive $6.20 in cash per share of FSI common stock. However, at least one analyst set a target price of $7.50 per share of FSI common stock. FSI shareholders seeking more information about this acquisition are advised to contact Rebecca Jarmon at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 314. The Pomerantz Firm, with offices in New York and Chicago, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
Shares of FSI International (Nasdaq:FSII) were gapping up Wednesday morning with an open price 15.9% higher than Tuesday's closing price. The stock closed at $4.60 yesterday and opened today's trading at $5.33.