NEW YORK, Feb. 2, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Ultratech, Inc. ("Ultratech" or the "Company") (NASDAQ: UTEK) concerning the proposed acquisition of the Company by Veeco Instruments Inc. ("Veeco").
Under the terms of the offer, Veeco would acquire Ultratech in a transaction valued at approximately $815 million. Pursuant to the terms of the transaction, Ultratech shareholders would receive (i) $21.75 per share in cash and (ii) 0.2675 of a share of Veeco common stock for each Ultratech share owned, currently worth a combined total of $28.40. At least one Wall Street analyst has set a target price for Ultratech of $30 per share.
Our investigation concerns whether the Ultratech board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Ultratech shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP