Science & Technology
Science and Technology
Science and Technology
Fri, January 8, 2010 Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Zygo Corporation
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Zygo Corporation ("Zygo" or the "Company") (NASDAQ:ZIGO) related to an unsolicited purchase offer the Company received from II-VI Incorporated ("II-VI"), a manufacturer of specialty optical components, to acquire all of the outstanding shares of Zygo common stock for $10 per share in cash or II-VI common stock (subject to a limitation on the aggregate amount of II-VI common stock). The cash-or-stock offer values Zygo at approximately $170 million, based on approximately 17 million shares outstanding as of November 2, 2009.
On January 7, 2010, Zygo issued a press release stating that the Company plans to hire an independent financial advisor to evaluate the offer. The Company also said it is in the late stages of implementing a substantial reorganization of its business. The investigation concerns potential breaches of fiduciary duty and other violations of law related to approval of the transaction by the board of directors.
If you own shares of Zygo, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].
