NEW YORK, July 14, 2008 (PRIME NEWSWIRE) -- Levi & Korsinsky announces an investigation on the proposed acquisition of Photon Dynamics, Inc. ("Photon" or the "Company")(Nasdaq:PHTN).
On June 26, 2008 Photon announced that it has entered into a definitive merger agreement with (Orbotech LTD). Under the terms of the proposal, Photon's shareholders would receive $15.60 per share in cash, or approximately $290 million. The proposed acquisition is expected to be completed in the second half of 2008. If you own common stock in Photon and wish to obtain additional information please contact us at the number listed below.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
About Photon Dynamics, Inc.
Photon Dynamics, Inc. (Nasdaq:PHTN) is a global supplier utilizing advanced machine vision technology for market leading LCD flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications.