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BTU SHAREHOLDER ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price and Process in Proposed Sale of BTU International, Inc. to Amtech
[October 22, 2014]

BTU SHAREHOLDER ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price and Process in Proposed Sale of BTU International, Inc. to Amtech


SAN DIEGO --(Business Wire)--

Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of BTU International, Inc. (NASDAQ: BTUI) breached their fiduciary duties in connection with the proposed merger of the Company with Amtech (News - Alert) Systems, Inc.

Additional Information:

BTU designs, manufactures, sells, and services thermal processing equipment and related process controls for use in the electronics, alternative energy, automotive, and other industries worldwide.

On October 22, 2014, BTU announced it had signed a definitive agreement to combine with Amtech. Under the terms of the transaction Amtech will issue 0.3291 newly registered shares of common stock for each share of BTU stock currently outstanding. Upon completion of the transaction, Amtech and BTU stockholders will own approximately 76.1% and 23.9%, respectively, of the combined company. Based upon the closing price of Amtech sock on October 21, 2014, the transaction values BTU at approximately $3.33 per common share, representing only a premium of 4.2% over the last reported closing price of BTU stock on October 21, 2014. BTU shareholders will be subject to the future volatility and price fluctuation of Amtech's stock.



The investigation concerns whether BTU's board failed to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. Just several months ago BTU stock traded as high as $4.00. Additionally, the Company has over $1.00 a share in cash.

If you are a shareholder of BTU and believe the proposed buyout price is too low and you are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471.


About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


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