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Why Zygo Shareholders Might Be Upset Today

Zygo Corporation’s (NASDAQ: ZYGO) Board of Directors is under investigation by New York firm Levi & Korsinsky for an alleged breach of fiduciary duty in connection with the sale of the company to AMETEK (NYSE: AME).

Under the terms of the deal, Zygo shareholders will be compensated $19.25 in cash for each Zygo share owned.  The investigation stems from concerns over whether or not the Board shopped the company adequately before entering into an agreement to sell and whether AMETEK is underpaying for the company.

Levi & Korsinsky employs 26 lawyers with an extensive background in securities litigation, including financial fraud and shareholder representation.  To receive information on the investigation, click HERE.

Disclosure: The author holds no positions in the above mentioned securities at the time of this writing.

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