An investigation for investors in NASDAQ:NEWP shares was announced over whether the takeover of Newport Corp. by MKS Instruments, Inc for $23.00 per share is unfair to NASDAQ:NEWP stockholders.
Investors who purchased shares of Newport Corp (NASDAQ:NEWP) and currently hold any of those NASDAQ:NEWP shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Newport Corp directors breached their fiduciary duties owed to NASDAQ:NEWP investors in connection with the proposed acquisition.
On February 23, 2016, MKS Instruments, Inc. and Newport Corp announced that they have entered into an agreement for MKS Instruments to acquire Newport Corp (NASDAQ:NEWP) for $23.00 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ:NEWP stockholders. More specifically, the investigation concerns whether the Newport 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.
Newport Corp reported that its Total Revenue rose from $560.05 million for the 12 months period that ended on December 28, 2013 to $605.15 million for the 12 months period that ended on January 3, 2015 and that its respective Net Income grew from $15.60 million to $35.06 million.
On March 8, 2016, NASDAQ:NEWP shares closed at $22.6 per share
Those who are current investors in NASDAQ:NEWP shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego