NEW YORK--(EON: Enhanced Online News)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of Zoltek Companies Inc. (“Zoltek” or the “Company”) (NASDAQ:ZOLT) concerning the proposed acquisition of the Company by Toray Industries Inc. (“Toray”). Under the terms of the proposed transaction, Zoltek stockholders will receive $16.75 in cash for each share of Zoltek owned, valuing the transaction at $584 million.
The investigation concerns whether Zoltek’s Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed consideration adequately values Zoltek’s common stock.
If you are a Zoltek stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.