Energy News / Shareholders Foundation, Inc.

NASDAQ: ESIO Investor Notice: Investigation of Takeover of Electro Scientific Industries, Inc.

Via: ReleaseWire

Updated 1:37 PM CST, Thu, November 08,2018

An investigation on behalf of investors of Electro Scientific Industries, Inc. (NASDAQ: ESIO) in connection with the proposed takeover was announced.

San Diego, CA -- (SBWIRE) -- 11/08/2018 -- The takeover of Electro Scientific Industries, Inc. (NASDAQ: ESIO), is under investigation over whether the takeover of Electro Scientific Industries, Inc. is unfair to NASDAQ: ESIO stockholders.

Investors who purchased shares of Electro Scientific Industries, Inc. (NASDAQ: ESIO) and currently hold any of those NASDAQ: ESIO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Electro Scientific Industries, Inc. breached their fiduciary duties owed to NASDAQ: ESIO investors in connection with the proposed acquisition.

Portland, OR based Electro Scientific Industries, Inc., together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. On October 30, 2018, Electro Scientific Industries, Inc.(NASDAQ:ESIO), announced the signing of a definitive agreement for MKS Instruments, Inc. (NASDAQ:MKSI) to acquire ESI for $30.00 per share.

However, given that at least one analyst has set the high target price at $32.00 per share, the investigation concerns whether the offer is unfair to Electro Scientific Industries, Inc. (NASDAQ: ESIO stockholders. More specifically, the investigation concerns whether the Electro Scientific Industries, Inc. (NASDAQ: ESIO Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On November 7, 2018, NASDAQ: ESIO shares closed at $29.50 per share.

Those who are current investors in Electro Scientific Industries, Inc. (NASDAQ: ESIO) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-esio-investor-notice-investigation-of-takeover-of-electro-scientific-industries-inc-1082519.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com