BERWYN, Pa., Feb. 7, 2017 /PRNewswire/ -- RM LAW, P.C. is investigating potential claims against the board of directors of Ultratech, Inc. ("Ultrarech" or the "Company") (NASDAQ: UTEK) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Veeco Instruments Inc. ("Veeco") in a transaction valued at approximately $815 million.
If you own shares of Ultratech and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, visit: www.maniskas.com. You may also email Mr. Maniskas at email@example.com.
Under the terms of the agreement, shareholders of Ultratech will receive (i) $21.75 per share in cash and (ii) 0.2675 of a share of Veeco common stock for each Ultratech common share outstanding.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Ultratech or not acting in the Company's shareholders' best interests in connection with the sale process.
RM LAW, P.C. is a national shareholder litigation firm. RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.maniskas.com.
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SOURCE Ryan & Maniskas, LLP