Buyout Of Zygo – Law Firm Seeks Higher Price For Shareholders
April 11, 2014
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Zygo Corporation on behalf of its shareholders. Zygo announced that it has entered into a definitive merger agreement under which Ametek Inc. will acquire all the outstanding shares of Zygo for $19.25 per share.
The investigation concerns whether the board of directors and senior management acted in the best interests of shareholders and not for their owns self interests in selling the company, and whether the price of $19.25 is unfairly low. Indeed, Zygo has over $90 million in cash worth $4.79 per share and no long term debt and the price of $19.25 is less than 2x the company’s book value per share. Further, the Chairman of the board and CEO have agreed to vote their shares in favor of this buyout.
If you are a shareholder of Zygo and would like further information regarding this matter at no cost or expense including how you can join with other shareholders seeking a higher price please contact us toll free at 1-877-772-3975 or contact us via our website.
Tripp Levy PLLC and its affiliates have obtained billions of dollars for shareholders in similar actions around the globe. Attorney advertising. Prior results do not indicate a similar outcome.