The Shareholders Foundation announces that an investigation on behalf of investors, who currently hold shares of Cimatron Ltd. (NASDAQ:CIMT), was launched concerning whether the takeover of Cimatron Ltd. by 3D Systems Corporation for $8.97 per share is unfair to NASDAQ:CIMT stockholders.
Investors who purchased shares of Cimatron Ltd. (NASDAQ:CIMT) and currently hold any of those NASDAQ:CIMT 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 officers and directors of Cimatron Ltd. breached their fiduciary duties owed to NASDAQ:CIMT investors in connection with the proposed acquisition.
On November 24, 2014, 3D Systems Corporation (NYSE:DDD) and Cimatron Ltd. (NASDAQ: CIMT) announced an agreement under which 3D Systems will acquire all of the outstanding shares of Cimatron for $8.97 per share in cash, subject to certain adjustments for Cimatron transaction expenses, for a total of approximately $97 million, inclusive of its net cash.
However, given that in March 2014 NASDAQ:CIMT shares traded as high as $10.61 per share and that at least one analyst has set the high target price for NASDAQ:CIMT shares at $10.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:CIMT stockholders. More specifically, the investigation concerns whether the Cimatron 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 December 9, 2014, NASDAQ:CIMT shares closed at $8.72 per share.
Those who are current investors in Cimatron Ltd. 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