WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A.:
- Do you own shares of Ultratech, Inc. (NASDAQ GS: UTEK)?
- Did you purchase any of your shares prior to February 2, 2017?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Ultratech, Inc. (“Ultratech” or the “Company”) (NASDAQ GS: UTEK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Veeco Instruments Inc. (“Veeco”) (NASDAQ GS: VECO), in a transaction valued at approximately $815 million.
Click here to learn more: http://rigrodskylong.com/investigations/ultratech-inc-utek.
Under the terms of the agreement, shareholders of Ultratech will receive (i) $21.75 per share in cash and (ii) 0.2675 of a share of Veeco common stock for each Ultratech common share outstanding. Based on Veeco's closing stock price on February 1, 2017, the transaction consideration is valued at approximately $28.64 per Ultratech share.
The investigation concerns whether Ultratech’s board of directors failed to adequately shop the Company and obtain the best possible value for Ultratech shareholders before entering into an agreement with Veeco.
If you own the common stock of Ultratech and purchased your shares before February 2, 2017, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://rigrodskylong.com/investigations/ultratech-inc-utek.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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