SAN DIEGO, March 17, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Technologies Inc. (NASDAQ: RSTI) breached their fiduciary duties in connection with the proposed sale of the Company to Coherent, Inc. (NASDAQ: COHR).
ROFIN engages in the design, development, engineering, manufacturing and marketing of laser sources and laser-based system solutions for industrial material processing applications worldwide.
On March 16, 2016, ROFIN announced it had signed a definitive merger agreement with Coherent. Under the terms of the agreement, Coherent will acquire all of the outstanding shares of common stock of ROFIN for $32.50 per share in an all cash transaction.
The investigation concerns whether ROFIN's board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for ROFIN's shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration.
If you are a shareholder of ROFIN and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
SOURCE Johnson & Weaver, LLP