SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of KMG Chemicals, Inc. to Cabot Microelectronics Corporation is Fair to Shareholders

NEW YORK, Aug. 15, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased KMG Chemicals, Inc. ("KMG" or the "Company") KMG stock prior to August 15, 2018.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of KMG to Cabot Microelectronics Corporation CCMP. Under the terms of the transaction, KMG shareholders will receive $55.65 in cash and 0.2000 of a share of Cabot Microelectronics common stock for each KMG share they own. This represents a value of approximately $79.50 per share. To learn more about the action and your rights, go to: 

http://www.zlk.com/mna/kmg-chemicals-inc

 or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The KMG merger investigation concerns whether the Board of KMG breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cabot Microelectronics Corporation is underpaying for KMG shares, thus unlawfully harming KMG shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com