NEW YORK, March 22, 2016 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Rofin-Sinar Technologies Inc. ("RSTI" or the "Company") in connection with the proposed acquisition of the Company by Coherent Inc. ("Coherent"). On March 16, 2016, RSTI and Coherent jointly announced the proposed acquisition of RSTI, pursuant to which RSTI shareholders will receive $32.50 in cash for each RSTI share they own.
WeissLaw is investigating whether RSTI's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $33.00 per share. Additionally, the offer price is only $0.40 above the Company's 52 week high of $32.10.
Given these facts, WeissLaw is investigating whether RSTI's Board acted in the best interests of RSTI's public shareholders by actively shopping the Company to maximize shareholder value prior to entering into the agreement with Coherent. If you own RSTI shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rofin-sinar-technologies-inc-acquisition-may-not-be-in-the-best-interests-of-its-shareholders-300239781.html
SOURCE WeissLaw LLP