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If you purchased shares of MOCON, Inc. (NASDAQ:MOCO) and currently hold any of those NASDAQ:MOCO shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
April 28, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of MOCON, Inc. (NASDAQ:MOCO), was announced concerning whether the takeover of MOCON, Inc. by AMETEK, Inc for $30.00 per share is unfair to NASDAQ:MOCO stockholders.
The investigation by a law firm concerns whether certain officers and directors of MOCON, Inc. breached their fiduciary duties owed to NASDAQ:MOCO investors in connection with the proposed acquisition.
On April 17, 2017, AMETEK, Inc (NYSE:AME) and MOCON, Inc. (NASDAQ:MOCO) announced that they have entered into a merger agreement under which AMETEK will acquire all of the outstanding shares of common stock of MOCON at a price of $30 per share in cash.
However, the investigation concerns whether the offer is unfair to NASDAQ:MOCO stockholders. More specifically, the investigation concerns whether the MOCON Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
MOCON, Inc. reported that its annual Total Revenue grew from $61.22 million in 2105 to $63.31 million in 2016 and that its Net Income rose from $2.97 million in 2015 to $5.00 million in 2016.
On April 28, 2017, NASDAQ:MOCO shares closed at $29.85 per share.
