Ultratech, Inc. is an American technology company that supplies equipment to global semiconductor fabrication plants, and also makes tools for nanotechnology applications by optical networking, data storage and automotive and display industries.

According to the Complaint, on February 2, 2017, the Board caused Ultratech to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, stockholders of Ultratech will receive $21.75 per share in cash and 0.2675 of a share of Veeco's common stock for each Ultratech common share they own. Based on Veeco’s closing stock price on February 1, 2017, the merger consideration is valued at approximately $28.64 per share.

On March 13, 2017, Defendants filed a Preliminary Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

Pursuant to a stipulation by the parties, this case was ordered dismissed on May 26, 2017.