Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Semitool, Inc. - SMTL

Levi & Korsinsky is investigating the Board of Directors of Semitool, Inc. (“Semitool” or the “Company”) (NasdaqGS: SMTL) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Applied Materials, Inc. (NasdaqGS: AMAT). Under the terms of the transaction, Semitool shareholders will receive $11.00 in cash for each share of Semitool they own for a total transaction value of approximately $364 million.

The investigation concerns whether the Semitool Board of Directors breached their fiduciary duties to Semitool shareholders given that (i) the offer price is only a 13% premium over the $9.73 price that Semitool shares traded at as recently as October 12, 2009; (ii) analysts set a mean price target of $12.00 for Semitool shares; and (iii) directors and executive officers of Semitool holding about 32% of the Company's outstanding common stock have agreed to support the deal.

If you own common stock in Semitool and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/smtl1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.