Novellus Systems, Inc. Has Agreed to be Sold to Lam Research Corp.

  • Do you own shares of Novellus Systems, Inc. (Nasdaq: NVLS)?
  • Did you buy any shares before December 14, 2011?
  • Do you think that the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Novellus Systems, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Lam Research Corp. in an all-stock transaction valued at approximately $3.3 billion.

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Rigrodsky & Long, P.A. Investigates Novellus Systems, Inc.'s Sale to Lam Research Corp. for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Novellus Systems, Inc. (“Novellus” or the “Company”) (Nasdaq: NVLS) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Lam Research Corp. (“Lam Research”) in an all-stock  transaction with an approximate value of $3.3 billion.

Under the proposed agreement, Novellus stockholders will receive 1.125 shares of Lam Research common stock for each share of Novellus that they own.  Based on the closing price of Lam Research’s stock on December 14, 2011, the transaction values Novellus at a price of $44.42 per common share.  Upon closing, Lam Research and Novellus shareholders will own approximately 59 percent and 41 percent, respectively, of the combined company.

The investigation concerns whether Novellus’ board of directors adequately shopped the Company to obtain the best price possible for Novellus shareholders before entering into the agreement with Lam Research.

If you own the common stock of Novellus and purchased your shares before December 14, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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

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