BALA CYNWYD, Pa., Aug. 13, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of FSI International, Inc. ("FSI" or the "Company") (Nasdaq- FSII) relating to the proposed acquisition by Tokyo Electron Ltd. (" Tokyo"). Under the terms of the transaction, FSI shareholders would receive only $6.20 in cash for each share of FSI stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of FSI for not acting in the Company's shareholders' best interests in connection with the sale process to Tokyo. The transaction may undervalue the Company as, for example, an analyst has set a $7.50 price target for FSI stock. As a result, the FSI Board of Directors may have failed to adequately shop the Company to obtain maximum value for the FSI shareholders. If you own shares of FSI stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com visiting http://brodsky-smith.com/467-fsii-fsi-international-inc.html, or by calling toll free 877-LEGAL-90. SOURCE Law office of Brodsky & Smith, LLC
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.