SHAREHOLDER ALERT: WeissLaw LLP Investigates Rudolph Technologies, Inc. Acquisition
NEW YORK, June 24, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Rudolph Technologies, Inc. ("Rudolph" or the "Company") (NYSE: RTEC) in connection with the proposed acquisition of the Company by Nanometrics Incorporated ("Nanometrics") (NASDAQ GS: NANO). Under the terms of the agreement, RTEC shareholders will receive 0.8042 NANO shares for each RTEC share they own, representing consideration of $27.33 based on NANO's June 24 opening price.
If you are a shareholder of RTEC who wishes to discuss the investigation or have any questions about this notice and your rights or interests, please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)593-4771
[email protected]
Or visit our website
http://www.weisslawllp.com/rudolph-technologies-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether RTEC's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $32.00, or approximately $5.00 above the per-share consideration.
WeissLaw is also concerned whether the deal creates shareholder value for Rudolph's shareholders. Specifically, WeissLaw is investigating whether Rudolph's Board conducted a fair process in agreeing to the proposed merger, whether the proposed merger undervalues the Company, and whether all material information related to the proposed merger is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP
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