SAN DIEGO, Feb. 10, 2018 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Key Technology, Inc. ("Key
Technology") (NASDAQ: KTEC) breached their fiduciary duties in
connection with the proposed sale of the Company to Duravant
LLC.
On January 25, 2018, Key
Technology announced that it had signed a definitive merger
agreement with Duravant. Under the terms of the agreement, Duravant
will acquire each share of outstanding common stock of Key
Technology in exchange for $26.75 per share in cash.
The investigation concerns whether the Key Technology board
failed to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Key Technology shares of common stock.
If you are a shareholder of Key Technology and believe
the proposed buyout price is too low or you're interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If
emailing, please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP