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”) (NYSE: 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 (NASDAQGS: 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