Shareholder Alert: The Ademi Firm investigates whether Veeco Instruments Inc. is obtaining a Fair Price for its Public Shareholders
Group 1 - The Ademi Firm is investigating Veeco for possible breaches of fiduciary duty and other legal violations related to its transaction with Axcelis [1] - Shareholders of Veeco will receive 0.3575 shares of Axcelis for each share of Veeco owned, resulting in Axcelis shareholders owning approximately 58% of the combined company and Veeco shareholders holding about 42% on a fully diluted basis [2] - The transaction agreement imposes significant penalties on Veeco for accepting competing bids, raising concerns about the conduct of Veeco's board of directors and their fiduciary duties to shareholders [3]