An investigation on behalf of investors, who currently hold shares of Key Technology, Inc. (NASDAQ:KTEC), was announced concerning whether the takeover of Key Technology, Inc.. by Duravant LLC for $26.75 per share is unfair to NASDAQ:KTEC stockholders.

The investigation by a law firm concerns whether certain officers and directors of Key Technology, Inc breached their fiduciary duties owed to NASDAQ:KTEC investors in connection with the proposed acquisition.

On January 25, 2018 Duravant LLC announced that it has entered into an agreement to acquire Key Technology, Inc. (NASDAQ: KTEC). Under the terms of the agreement, Duravant will commence a tender offer to acquire all of the outstanding shares of Key Technology, Inc. (NASDAQ:KTEC) common stock for $26.75 in cash, in a transaction valued at approximately $175 million.

However, the investigation concerns whether the offer is unfair to NASDAQ:KTEC stockholders. More specifically, the investigation concerns whether the Key Technology 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.

Key Technology, Inc. reported that its Total Revenue rose from $120.04 million for the 12 months period that ended on September 30, 2016 to $139.91 million for the 12 months period that e ended on September 30, 2017 and that its Net Loss of $0.70 million turned into a Net Income of $4.03 million over those respective time periods.