RM LAW, P.C. is investigating potential claims against the board of directors of Key Technology, Inc. (“Key Technology” or the “Company”) (NASDAQ: KTEC) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell the Company to Duravant LLC in a transaction valued at approximately $175 million.
If you own shares of Key Technology and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here. You may also email Mr. Maniskas at email@example.com.
Under the terms of the agreement, shareholders of Key Technology will receive $26.75 in cash for each share of Key Technology common stock.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Key Technology or not acting in the Company’s shareholders’ best interests in connection with the sale process.