An investigation for investors in NASDAQ:RSTI shares was announced concerning the takeover of Rofin-Sinar Technologies by Coherent, Inc for $32.50 per share.
Investors who purchased shares of Rofin-Sinar Technologies (NASDAQ:RSTI) and currently hold any of those NASDAQ:RSTI 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 directors of Rofin-Sinar Technologies breached their fiduciary duties owed to NASDAQ:RSTI investors in connection with the proposed acquisition.
On March 16, 2016, Coherent, Inc. and Rofin-Sinar Technologies (NASDAQ:RSTI) announced that their Boards of Directors have approved an agreement under which Coherent will acquire Rofin-Sinar Technologies (NASDAQ:RSTI) for $32.50 per share in cash, in a transaction valued at approximately $942 million.
However, given that at least one analyst has set the high target price for NASDAQ:RSTI shares at $33.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:RSTI stockholders. More specifically, the investigation concerns whether the Rofin-Sinar Technologies 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.
Shares of Rofin-Sinar Technologies (NASDAQ:RSTI) closed on March 28, 2016, at $32.02 per share.
Those who are current investors in NASDAQ:RSTI 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