NEW YORK, Oct. 3, 2013 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential legal claims against the board of directors of Zoltek Companies Inc. ("Zoltek") (NASDAQ: ZOLT) regarding possible breaches of fiduciary duties and other violations of law related to the Company's efforts to sell the Company to Toray Industries, Inc. in a cash deal valued at approximately $584 million.
If you purchased Zoltek, and want more information about the Zoltek takeover lawsuit, please contact George Pressly, Esq. at 1(800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.
Under the terms of the transaction, Zoltek shareholders will receive $16.75 for each share of Zoltek stock they own. Morgan & Morgan's investigation concerns whether Zoltek's Board of Directors breached its fiduciary duties to act in the best interests of Zoltek shareholders and to take all necessary steps to ensure that Zoltek shareholders receive the maximum value readily available for their shares of Zoltek common stock.
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SOURCE Morgan & Morgan