Wolf Haldenstein Investigating Semitool, Inc. Proposed Acquisition
19 November 2009 - 4:13AM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of Semitool, Inc.
(“Semitool” or the “Company”) [NASDAQ:SMTL] arising out of the
proposed acquisition of Semitool by Applied Materials, Inc.
(“Applied Materials”).
On Tuesday, November 17, 2009, Semitool announced that Applied
Materials will acquire Semitool in an all cash offer. Under the
terms of the agreement, Semitool stockholders will receive cash of
$11 in exchange for each share of Semitool common stock. However,
the Company may not have adequately shopped itself around before
entering into this transaction and, pursuant to this proposed
transaction, Applied Materials may be underpaying for Semitool,
thus unlawfully harming Semitool shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own Semitool common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Gustavo Bruckner or Derek Behnke Wolf Haldenstein Adler Freeman
& Herz LLP 270 Madison Avenue
New York, New York 10016
Phone Numbers: (800) 575-0735 (212) 545-4600
Email:
bruckner@whafh.com
Classmember@whafh.com
Website:
http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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