Toray Industries to Acquire Zoltek for $16.75/Share in Cash, Zoltek Closed at $18.51 on Thursday

Zoltek Companies, Inc. (NASDAQ: ZOLT ) today announced that it has entered into a merger agreement with Toray Industries, Inc. ("Toray"). Under the terms of the agreement, Toray will acquire all of the Company's outstanding shares for $16.75 per share in cash, for a total equity value of approximately