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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Cytec Industries Inc (NYSE: CYT) acted responsibly on behalf of investors’ profitability in the planned $6.4 billion sale to Solvay SA (OTC: SVYSF).
On July 29, 2015, Cytec Industries Inc (NYSE: CYT) and Solvay SA (OTC: SVYSF) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Solvay will offer Cytec shareholders $ 75.25 per share in cash for all outstanding shares.
Based in Woodland Park, NJ, and founded in 1993 Cytec Industries Inc is a developer and manufacturer of specialty materials and chemicals for aerospace and industrial materials, mining, and plastics industries. The company operates through four segments: Aerospace Materials, Industrial Materials, In Process Separation, and Additive Technologies. It operates in North America, Latin America, the Asia/Pacific, and Europe/the Middle East/Africa.
The investigation focuses on whether NYSE: CYT investors received the highest price and whether the directors of Cytec Industries Inc acted in the best interest of Cytec Industries Inc company and its shareholders.
If you purchased Cytec Industries Inc (NYSE: CYT) prior to July 29, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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