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Ultratech Shareholders Sue To Block $815M Veeco Merger

Law360, New York (March 20, 2017, 2:46 PM EDT) -- Ultratech Inc. investors have hit the company, which makes equipment for businesses that manufacture semiconductors, with a proposed class action in California federal court over the company’s $815 million acquisition by Veeco Instruments Inc., saying shareholders were not given enough information on the deal.

Ultratech in February announced that it would be acquired by Veeco — also a provider of semiconductor manufacturing equipment — for $815 million in a deal that would give Ultratech shareholders a 15 percent stake in the combined company. Ultratech investors on...
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