Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of sTec, Inc. Shareholders
25 Juin 2013 - 4:46PM
Business Wire
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 bwalker@kmllp.com, or by telephone at (212) 699-1145 or (888)
529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
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