Cymer, Inc. (CYMI) Investor Lawsuit to Stop Takeover Announced by
SAN DIEGO, CA -- (Marketwire) -- 11/01/12 -- The Shareholders
Foundation, Inc. announces that an investor filed a lawsuit for
current stockholders in shares of Cymer, Inc. (CYMI) in effort to
stop the proposed takeover of Cymer, Inc. at a value of approximately
$81.64 per share.
Investors who purchased shares of Cymer, Inc. (CYMI) prior to October
17, 2012 and currently hold any of those CYMI shares, have certain
options and should contact the Shareholders Foundation, Inc. at
email@example.com or call +1 (858) 779-1554.
On October 17, 2012, Cymer, Inc. (CYMI) and ASML Holding NV announced
that they have entered into an agreement under which ASML Holding NV
will acquire all outstanding shares of Cymer in a cash-and-stock
transaction. Based on a closing price of ASML Holding NV shares on
October 16, 2012, of $53.59, Cymer stockholders would receive a value
of approximately $81.64 per CYMI share.
However, the plaintiff alleges that defendants breached their
fiduciary duties arising out of the attempt to sell the company too
cheaply via an unfair process. The plaintiff claims that the offer is
unfair and undervalues the company.
Indeed, Cymer's financial performance improved recently. It reported
that its annual Revenue rose from $307.66 million in 2009 to over
$594.21 million in 2011 and its Net Income over the respective time
periods increased from $11.98 million to $80.24 million. Furthermore,
shares of Cymer, Inc. grew at an exceptional growth rate. In fact,
CYMI shares grew from as low as $16.97 in March 2009 to as high as
$62.05 per share in August 2012.
Those who currently are investors in CYMI shares and purchased their
shares before the announcement, have certain options and should
contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio legal
monitoring and settlement claim filing service, which does research
related to shareholder issues and informs investors of securities
class actions, settlements, judgments, and other legal related news
to the stock/financial market. The Shareholders Foundation, Inc. is
not a law firm. The information is provided as a public service. It
is not intended as legal advice and should not be relied upon.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
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