& Long, P.A. announces that it is investigating potential legal
claims against the board of directors (“Board”) of Orbotech Ltd.
(“Orbotech” or the “Company”) (NASDAQ GS: ORBK)
related to the Company’s entry into an agreement to be acquired by
KLA-Tencor Corporation (“KLA-Tencor”) (NASDAQ GS: KLAC)
in a transaction valued at approximately $3.4 billion (the “Proposed
On March 18, 2018, the Board caused Orbotech to enter into an agreement
and plan of merger (the “Merger Agreement”) with KLA-Tencor. Pursuant to
the terms of the Merger Agreement, shareholders of Orbotech will receive
$38.86 in cash and 0.25 of a share of KLA-Tencor for each share of
Orbotech common stock.
On May 16, 2018, KLA-Tencor filed a Form S-4 Registration Statement
(“Registration Statement”) with the United States Securities and
Exchange Commission (“SEC”) in connection with the Proposed Transaction,
which recommends that Orbotech’s shareholders vote in favor of the
Proposed Transaction. Rigrodsky
& Long, P.A. is investigating possible violations of law related
to the Registration Statement, including whether the Registration
Statement omits material information with respect to the Proposed
If you own common shares of Orbotech and purchased any shares before
March 19, 2018, if you would like to learn more about this
investigation, or if you have any questions concerning this announcement
or your rights or interests, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220,
Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail
& Long, P.A., with offices in Wilmington, Delaware, Garden City,
New York, and San Francisco, California, has recovered hundreds of
millions of dollars on behalf of investors and achieved substantial
corporate governance reforms in numerous cases nationwide, including federal
securities fraud actions, shareholder class actions, and shareholder
Attorney advertising. Prior results do not guarantee a similar outcome.
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