SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Zoltek Companies, Inc. - ZOLT
BALA CYNWYD, Pa., Oct. 2, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Zoltek Companies, Inc. ("Zoltek" or the "Company") (Nasdaq: ZOLT) relating to the proposed acquisition by Toray Industries, Inc.
Click here to learn more about the investigation http://brodsky-smith.com/652-zolt-zoltek-companies-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Zoltek shareholders will receive only $16.75 in cash for each share of Zoltek stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Zoltek for not acting in the Company's shareholders' best interests in connection with the sale process. The investigation seeks to determine if Zoltek's Board of Directors failed to conduct an adequate auction process and as a result harmed Zoltek's shareholders by undervaluing their Company. In addition, Zoltek stock traded at $18.51 per share as recently as September 26, 2013.
If you own shares of Zoltek common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/652-zolt-zoltek-companies-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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