An investigation on behalf of investors of MOCON, Inc. (NASDAQ:MOCO) in connection with the proposed takeover was announced and NASDAQ:MOCO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/01/2017 -- An investigation on behalf of investors, who currently hold shares of MOCON, Inc., was announced concerning the takeover of MOCON, Inc. by AMETEK, Inc.
Investors who purchased shares of MOCON, Inc. (NASDAQ:MOCO) and currently hold any of those NASDAQ:MOCO shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of MOCON, Inc. breached their fiduciary duties owed to NASDAQ:MOCO investors in connection with the proposed acquisition.
On April 17, 2017, AMETEK, Inc and MOCON, Inc. announced that they have entered into a merger agreement under which AMETEK will acquire all of the outstanding shares of common stock of MOCON at a price of $30 per share in cash.
However, the investigation concerns whether the offer is unfair to NASDAQ:MOCO stockholders. More specifically, the investigation concerns whether the MOCON Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On April 28, 2017, NASDAQ:MOCO shares closed at $29.85 per share.
Those who are current investors in MOCON, Inc. shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego