Zygo Stockholders Approve Merger With AMETEK
19 June 2014 - 1:57AM
Zygo Corporation (Nasdaq:ZIGO), a worldwide supplier of optical
metrology instruments and high-precision optical instruments, today
announced that its stockholders approved its proposed merger with
AMETEK, Inc. (NYSE:AME) for $19.25 per share in cash at today's
special stockholders' meeting. It is anticipated that the
transaction will close on June 20, 2014.
Approximately 99 percent of the votes cast, representing
approximately 84 percent of the Zygo common shares outstanding as
of the record date, voted in favor of the merger. Adoption of the
merger agreement required an affirmative vote of a majority of
issued and outstanding shares of Zygo's common stock entitled to
vote at the special meeting.
During the special meeting, stockholders also approved a
proposal to approve, by non-binding advisory vote, certain
compensation arrangements for Zygo's named executive officers in
connection with the merger. The proposal to adjourn the
special meeting, if necessary or appropriate, to solicit additional
proxies if there were insufficient votes at the time of the special
meeting to adopt the merger agreement was rendered moot, although
the stockholders had cast sufficient votes in favor of the proposal
to approve that proposal.
About AMETEK
AMETEK is a leading global manufacturer of electronic
instruments and electro-mechanical devices with 2013 sales of $3.6
billion. The common stock of AMETEK is a component of the
S&P 500 Index.
About Zygo
Zygo is a worldwide supplier of optical metrology instruments,
precision optics and electro-optical design and manufacturing
services serving customers in the semiconductor equipment,
bio-medical, scientific and industrial markets.
Forward-Looking Statements
All statements other than statements of historical fact included
in this news release regarding expected plans and timing of the
closing are forward-looking statements. Actual results could
differ materially from those contemplated by the forward-looking
statements as a result of certain factors. Zygo Corporation
undertakes no obligation to publicly update or revise
forward-looking statements to reflect events or circumstances after
the date of this news release except as required by law. Further
information on potential factors that could affect Zygo
Corporation's business and the merger is described in our reports
on file with the Securities and Exchange Commission (the "SEC"),
including our Form 10-K for the fiscal year ended June 30, 2013,
filed with the SEC on September 13, 2013; our Forms 10-Q for the
fiscal quarters ended September 30, 2013, December 31, 2013 and
March 31, 2014; and our Definitive Proxy Statement on Schedule 14A
filed with the SEC on May 21, 2014.
CONTACT: John P. Jordan
Vice President, Chief Financial Officer & Treasurer
Voice: 860-347-8506
inquire@zygo.com
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