Faruqi & Faruqi, LLP Announces Investigation of Varian Semiconductor Equipment Associates Inc.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Varian Semiconductor Equipment Associates Inc. (“Varian” or the “Company”) (NasdaqGS: VSEA) for potential breaches of fiduciary duties in connection with their duty to disclose material information in the Preliminary Proxy Statement filed by the Company with the SEC on June 7, 2011. The Preliminary Proxy Statement sets forth the terms of the merger agreement entered into by the Company and Applied Materials, Inc. (NasdaqGS: AMAT) on May 3, 2011. In accordance with the terms of the agreement, Varian shareholders will receive $63 in cash for each share they own.

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Whether Varian’s Board of Directors breached their fiduciary duties to Varian’s stockholders by failing to disclose all material information in the Proxy Statement; whether it failed to maximize shareholder value and if so by how much the sale undervalues the Company to the detriment of Varian’s shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Varian and wish to obtain additional information, please visit us at www.faruqilaw.com/VSEA or contact Juan E. Monteverde, Esq. either via e-mail at [e-mail] or by telephone at [phone] or [phone].

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