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Slide #14. AMETEK — Zygo Corporation
AMETEK, Inc. (NYSE: AME) and Zygo Corporation (NASDAQ: ZIGO) announced that they have entered into a definitive merger agreement under which AMETEK will acquire all of the outstanding shares of common stock of Zygo at a purchase price of $19.25 per share in cash, which represents a premium of 31% to Zygo's closing share price on April 10, 2014. The aggregate enterprise value of the transaction is approximately $280 million, taking into account Zygo's outstanding equity awards and net cash to be acquired in the transaction. The transaction was unanimously approved by the Board of Directors of Zygo.
AMETEK is a global manufacturer of electronic instruments and electromechanical devices. Co.'s Electronic Instruments segment is engaged in the design and manufacture of analytical, test and measurement instruments for the process, aerospace, medical, research, power and industrial markets. This segment includes process and analytical instrumentation markets and products and aerospace and power instrumentation markets and products. Co.'s Electromechanical segment is engaged in supplying automation solutions, thermal management systems, metals and electrical interconnects. This segment includes automation and engineered solutions markets and products and aerospace markets and products.
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Strong Buy (3.55 out of 4)