An investigation on behalf of investors in Ultratech, Inc. (NASDAQ:UTEK) shares over potential wrongdoing at Ultratech, Inc. was announced and NASDAQ:UTEK stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/30/2018 -- An investigation on behalf of current long-term investors in shares of formerly Ultratech, Inc. (NASDAQ:UTEK) was announced over potential breaches of fiduciary duties by certain officers and directors at Ultratech, Inc.
Investors who purchased shares of Ultratech, Inc. (NASDAQ:UTEK) and currently hold any of those NASDAQ:UTEK shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Ultratech, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 2, 2017, Veeco Instruments Inc. and Ultratech, Inc. (NASDAQ:UTEK) announced that they have signed an agreement for Veeco Instruments Inc. to acquire Ultratech, Inc. (NASDAQ:UTEK). Under the terms of the transaction Ultratech, Inc. (NASDAQ:UTEK) shareholders will receive $21.75 per share in cash and 0.2675 of a share of Veeco common stock for each Ultratech common share outstanding. Based on Veeco's closing stock price on February 1, 2017, the transaction consideration is valued at approximately $28.64 per Ultratech share.
Those who are current investors in Ultratech, Inc. (NASDAQ:UTEK) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.