Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating the merger of Zoltek Companies, Inc.
(“Zoltek”) (NasdaqGS: ZOLT) with Toray Industries, Inc. for
shareholders. Under the terms of the proposed merger agreement, Zoltek
shareholders will only receive $16.75 in cash for each share owned. The
proposed price is well below the 52-week high of $19.09 per share.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607 or via
e-mail at shareholder@powerstaylor.com.
There is no cost or fee to you.
The investigation into the Zoltek sale is focused on whether
shareholders are receiving adequate compensation for their shares in the
proposed deal, whether the transaction properly values Zoltek stock, and
whether Zoltek’s board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal.
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Copyright Business Wire 2013