WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Newport Corporation (NASDAQ GS: NEWP)?
- Did you purchase any of your shares prior to February 23, 2016?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Newport Corporation (“Newport” or the “Company”) (NASDAQ GS: NEWP) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by an affiliate of certain funds managed by MKS Instruments, Inc. (NASDAQ GS: MKSI) (“MKS”), in a transaction valued at approximately $980 million.
Click here to learn more: https://rigrodskylong.com/investigations/newport-corporation-newp.
Under the terms of the agreement, shareholders of Newport will receive $23.00 in cash for each share of Newport common stock.
The investigation concerns whether Newport’s board of directors failed to adequately shop the Company and obtain the best possible value for Newport shareholders before entering into an agreement with MKS.
If you own the common stock of Newport and purchased your shares before February 23, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: https://rigrodskylong.com/investigations/newport-corporation-newp.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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