An investigation on behalf of investors, who currently hold shares of Electro Scientific Industries, Inc. (NASDAQ: ESIO), was announced concerning whether the takeover of Electro Scientific Industries, Inc. is unfair to NASDAQ: ESIO stockholders.

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.

Electro Scientific Industries, Inc. reported that its Total Revenue rose from $161.02 million for the 12 months period that ended on April 1, 2017 to $367.88 million for the 12 months period that ended on March 31, 2018 and that its Net Loss of $37.4 million for the 12 months period that ended on April 1, 2017 turned into a Net Income of $11.622 million for the 12 months period that ended on March 31, 2018.