Brodsky & Smith To Investigate Potential Claims Against BTU International

(RTTNews) - Litigation law firm Brodsky & Smith, LLC announced that it is investigating potential claims against the board of directors of BTU International, Inc. (BTUI) relating to the proposed acquisition by Amtech Systems, Inc. (ASYS).

Under the terms of transaction, BTU shareholders will receive only 0.3291 of a share of Amtech stock for each share of BTU stock they own. The transaction values BTU stock at only about $3.33 per share.

The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of BTU for not acting in the company's shareholders' best interests in connection with the sale process.

On October 22, Amtech said it will buy BTU International in an all-stock transaction, for a value of nearly $3.33 per share.