Look at a chart showing the Zygo share price. Focus on the last week. ESI made a big issue about paying a 36 percent premium to Zygo shareholders. Were they being opportunistic? Think about it! The price of Zygo stock closed under $10 for only 21 trading days in the last 2 years. It closed under $9 on only 5 days in the past 2 years. It closed under $8 on only 2 days in the past 5 years (the two days when most stocks sank like rocks). And they want us to be happy with a 36 percent premium a day or two after the stock fell 25 percent! That was the worst part of the conference call, when they 'bragged' about paying a 36 percent premium. ESI and Zygo management and board members must really think Zygo shareholders are idiots.
I just want them to explain the reasoning behind the price. If they have good reasons, I can accept it. Right now, I just think this is another example of something crooked in the financial world. -