SHAREHOLDER ALERT: Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of FSI International, Inc. In Connection With The Sale Of The Company To Tokyo Electron Ltd.
Levi & Korsinsky is investigating the Board of Directors of FSI
Levi & Korsinsky is investigating the Board of Directors of FSI International, Inc. (“FSI” or the “Company”) (Nasdaq: FSII) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Tokyo Electron Ltd. (TYO: 8035). Click here to learn more about the investigation: http://zlk.9nl.com/fsi-international-fsii, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, FSI shareholders will receive $6.20 per FSI share they own, for a total approximate transaction value of $252.5 million. The investigation concerns whether the FSI Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Tokyo Electron Ltd. is underpaying for FSI shares, thus unlawfully harming FSI stockholders. In particular, at least one analyst set a price target for FSI stock at $7.50 per share. If you own common stock in FSII and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/fsi-international-fsii. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below.Attorney advertising. Prior results do not guarantee similar outcomes.
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.