ZYGO INVESTOR BUYOUT ALERT - ACQUISITION OF Zygo Corp. - Shareholder Rights Law Firm Tripp Levy PLLC Seeks Higher Price And More Information For Shareholders
NEW YORK, April 11, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm announces that it is investigating the acquisition of Zygo Corporation (NASDAQ: ZIGO) on behalf of its shareholders. Zygo and Ametek, Inc. (NYSE: AME) have announced that they have entered into a definitive merger agreement whereby Ametek will acquire the outstanding common shares of Zygo for $19.25 per share.
The investigation concerns whether the board of directors of Zygo breached their fiduciary duties by not engaging in a full and fair auction process to insure that shareholders obtained the maximum value for their shares, whether certain members of the Board acted for their own self interests in selling the company and whether the price of $19.25 per share is unfairly low. Indeed, Zygo has over $90 million of cash on hand or $4.79 per share and has no long term debt and the price of $19.25 per share is less than 2x Zygo's book value per share. Further, the Chairman of the Board and CEO have agreed to vote their shares constituting approx. 23.6% of Zygo's outstanding shares in favor of the acquisition.
If you are a shareholder of Zygo and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 1-877-772-3975
Email: [email protected]
www.tripplevy.com
Tripp Levy PLLC is a leading national securities and shareholder rights law firm and, along with its affiliates, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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