TMCnet News
CIMATRON SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to 3D SystemsDALLAS --(Business Wire)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Cimatron (News - Alert) Ltd. ("Cimatron") (NasdaqCM: CIMT) concerning the sale to 3D Systems Corp. Under the terms of the agreement, valued at approximately $97 million, Cimatron shareholders will only receive $8.97 per share owned. This consideration is well below at least one analyst's estimated value of $10 per share as well as the 52-week high of $10.75. /p>
The investigation centers on whether Cimatron's Board of Directors is acting in the shareholders' best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $10 per share. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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