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MOCON, Inc. (NASDAQ:MOCO) Investor Lawsuit Against Acquisition By AMETEK, Inc

  • If you purchased shares of MOCON, Inc. (NASDAQ:MOCO), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
MOCON, Inc.
Security
NASDAQ: MOCO

Case Name
MOCON Deal Case 06/21/2017
Type of Lawsuit
Mergers and Acquisition
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Summary

June 21, 2017 (Shareholders Foundation) - An investor, who currently holds shares of MOCON, Inc. (NASDAQ:MOCO), was announced concerning whether the takeover of MOCON, Inc. by AMETEK, Inc for $30.00 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:MOCO stockholders by agreeing to sell MOCON, Inc cheaply via an unfair process to AMETEK, Inc.

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, plaintiff claims that the proposed consideration NASDAQ:MOCO shareholders will receive is grossly inadequate and undervalues MOCON, Inc. 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. In addition, the plaintiff alleges that the process is also unfair NASDAQ:MOCO stockholders.