Shareholder Alert: Ademi LLP investigates whether CMC Materials, Inc. has obtained a Fair Price in its transaction with Entegris.
MILWAUKEE, Dec. 15, 2021 /PRNewswire/ -- Ademi LLP is investigating CMC Materials (Nasdaq: CCMP), for possible breaches of fiduciary duty and other violations of law in its transaction Entegris.
Click here to learn how to join the action: https://www.ademilaw.com/case/cmc-materials-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges CMC Materials' financial outlook and prospects are excellent and yet CMC Materials shareholders will receive only $133.00 in cash and 0.4506 shares of Entegris common stock for each share of CMC Materials common stock with an enterprise value of approximately $6.5 billion. The merger agreement unreasonably limits competing bids for CMC Materials by prohibiting solicitation of further bids, and imposing a significant penalty if CMC Materials accepts a superior bid. CMC Materials insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of CMC Materials' board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for CMC Materials.
If you own CMC Materials common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/cmc-materials-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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