SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Cascade Microtech, Inc. - CSCD

04 Feb, 2016, 12:59 ET from Pomerantz LLP

NEW YORK, Feb. 4, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cascade Microtech, Inc. ("Cascade" or the "Company") (NASDAQ:   CSCD) (ISIN: US1473221018) (CUSIP: 147322101) concerning the proposed acquisition of Cascade by FormFactor Inc. ("FormFactor").

Cascade shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at or 212-661-1100 or 888-476-6529, ext. 9980.

The investigation concerns whether the Cascade directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value.  Under the terms of the proposed transaction, Cascade shareholders will be entitled to receive $16.00 in cash and 0.6534 of a share of FormFactor common stock, subject to the terms of the merger agreement.  The transaction values Cascade at $21.13 per share, or $352 million in equity value based on the closing price of FormFactor's stock on February 3, 2016, of $7.85, for each share of Cascade common stock.

The merger agreement does not provide for a collar in the event that the stock price of FormFactor decreases prior to the consummation of the merger.  Moreover, EBITDA, and EBIT multiples are below the averages of comparable transactions, according to a Bloomberg analysis. 

Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See

Robert Willoughby
Pomerantz LLP
212-661-1100 ext. 9980




SOURCE Pomerantz LLP