Intevac, Inc.

Ademi & Fruchter LLP is investigating Intevac (Nasdaq: IVAC) for possible breaches of fiduciary duty and other violations of law in its transaction with Seagate.

In the tender offer transaction, Intevac stockholders will receive only $4.102 per share including Intevac’s special and regular quarterly dividend. Intevac insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Intevac by imposing a significant penalty if Intevac accepts a competing bid. We are investigating the conduct of Intevac’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.