SAN DIEGO and WOODLAND PARK,
N.J., July 29, 2015 /PRNewswire/
-- Shareholder rights attorneys at Robbins Arroyo LLP are
investigating the proposed acquisition of Cytec Industries Inc.
(NYSE: CYT) by Solvay SA (EN Brussels: SOLB). On July 29, 2015, the two companies announced the
signing of a definitive merger agreement pursuant to which Solvay
will acquire Cytec. Under the terms of the agreement, Cytec
shareholders will receive $75.25 for
each share of Cytec common stock.
View this information on the law firm's Shareholder Rights Blog:
www.robbinsarroyo.com/shareholders-rights-blog/cytec-industries-inc
Is the Proposed Acquisition Best for Cytec and Its
Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board
of directors at Cytec is undertaking a fair process to obtain
maximum value and adequately compensate its shareholders.
The $75.25 merger consideration
represents a premium of only 23.9% based on Cytec's closing price
on June 29, 2015. This premium
is significantly below the average one-month premium of nearly 32%
for comparable transactions within the past five years.
Cytec shareholders have the option to file a class action
lawsuit to ensure the board of directors obtains the best possible
price for shareholders and the disclosure of material
information. Cytec shareholders interested in information
about their rights and potential remedies can contact attorney
Darnell R. Donahue at (800)
350-6003, ddonahue@robbinsarroyo.com, or via the shareholder
information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law
firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1
billion of value for themselves and the companies in which
they have invested.
Attorney Advertising. Past results do not guarantee a
similar outcome.
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP