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Apr 16th, 2014
Ametek set to acquire Zygo Corp.
Ametek Inc. is poised to acquire Zygo Corp. for roughly $280 million.
The deal was unanimously approved by Zygo’s board of directors but must still be approved by regulators and Zygo's stockholders. MAK Capital One LLC, a financial investment advisory firm controlled by Michael A. Kaufman, the chairman Zygo’s board of directors, which beneficially owns approximately 23.6 percent of the outstanding shares of Zygo, as well Zygo CEO Gary Willis, have agreed to vote their shares of common stock in favor of the merger. The transaction is expected to be completed toward the end of the second quarter of calendar 2014.
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