Cymer, Inc. (CYMI) Investor Lawsuit to Stop Takeover Announced
Cymer, Inc. (CYMI) Investor Lawsuit to Stop Takeover Announced by Shareholders Foundation
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 firstname.lastname@example.org 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.
CONTACT: Shareholders Foundation, Inc. Trevor Allen +1 (858) 779-1554 email@example.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108