Zamansky LLC Investigates Zygo Corporation (ZIGO) Over The Fairness of Its Acquisition Price by AMETEK
Apr 12, 2014
New York, NY (Law Firm Newswire) April 12, 2014 – Zamansky LLC announces that it is investigating the acquisition of Zygo Corporation (NASDAQ: ZIGO) by AMETEK, Inc., whereby AMETEK will acquire all outstanding shares of Zygo common stock for the consideration of $19.25 per share in cash. The investigation concerns whether this offer significantly undervalues Zygo because of its strong cash position, having reported $90 million in cash or $5.00 per share. Effectively, in view of this cash, AMETEK will only be paying $14.25 per share for Zygo, which is below Zygo’s closing price of $14.68 on April 10, 2014.
The investigation concerns whether Zygo’s Board of Directors and senior management are possibly breaching their fiduciary duties to shareholders by failing to properly maximize shareholder value in selling the Company and by engaging in a flawed, inadequate sales process.
What Zygo Investors Can Do
If you are an investor or current holder of Zygo stock, you may be eligible to file a legal proceeding to seek recovery of any damages. If wish to have your circumstances or investment reviewed or discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading stock law firm specializing in securities and shareholder fraud and class actions. We are stock fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.
50 Broadway – 32nd Floor
New York, NY 10004