WAYNE, Pa., Feb. 24, 2016 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of Newport Corp. ("Newport" or the "Company") (NASDAQ: NEWP)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company's efforts to sell the Company to an
affiliate of certain funds managed by MKS Instruments, Inc. in a
transaction valued at approximately $980
million.
If you own shares of Newport and would like to learn more about
this class action or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/newp. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of Newport will receive $23.00 in cash for each share of Newport common stock.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Newport or not acting in the
Company's shareholders' best interests in connection with the sale
process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas,
LLP
Richard A. Maniskas,
Esquire
995 Old Eagle School Rd., Suite
311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/newp
rmaniskas@rmclasslaw.com
Logo -
http://photos.prnewswire.com/prnh/20121112/MM11729LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ryan--maniskas-llp-announces-investigation-of-newport-corp-300225454.html
SOURCE Ryan & Maniskas, LLP