Cases
Ultratech, Inc. (NASDAQ: UTEK)
Merger
Overview
Overview
- Date:
- 4/4/2017
- Company Name - Buyer:
- Veeco Instruments Inc.
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Northern California
NEW YORK, April 4, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who held Ultratech, Inc. (NASDAQ: UTEK) securities on March 22, 2017 (the “Class Period”).
On February 2, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Veeco Instruments Inc. will acquire Ultratech, Inc. in a deal worth $815 million. As a result of the merger, Ultratech shareholders are only anticipated to receive $21.75 in cash and 0.2675 Veeco shares for each share of Ultratech common stock.
The Complaint alleges that the Company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the Company.
If you held Ultratech securities during the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On February 2, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Veeco Instruments Inc. will acquire Ultratech, Inc. in a deal worth $815 million. As a result of the merger, Ultratech shareholders are only anticipated to receive $21.75 in cash and 0.2675 Veeco shares for each share of Ultratech common stock.
The Complaint alleges that the Company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the Company.
If you held Ultratech securities during the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.