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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Orbotech Ltd    ORBK   IL0010823388

ORBOTECH LTD (ORBK)
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Rigrodsky & Long, P.A. Announces Investigation of Orbotech Ltd.

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05/17/2018 | 12:10am CEST

Rigrodsky & 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 Transaction”).

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 Transaction.

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 at info@rl-legal.com.

Rigrodsky & 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 derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.


© Business Wire 2018
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Financials ($)
Sales 2018 1 041 M
EBIT 2018 212 M
Net income 2018 157 M
Finance 2018 336 M
Yield 2018 -
P/E ratio 2018 21,66
P/E ratio 2019 19,28
Capi. / Sales 2018 2,51x
Capi. / Sales 2019 2,68x
Capitalization 2 946 M
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Mean consensus HOLD
Number of Analysts 4
Average target price 67,8 $
Spread / Average Target 12%
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Managers
NameTitle
Asher Levy Chief Executive Officer
Amichai Steimberg President & Chief Operating Officer
Yochai Richter Chairman
Alon Rozner Chief Financial Officer & Vice President
Abraham Gross Chief Technology Officer & Executive VP
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