INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of KKR FINANCIAL HOLDINGS LLC & Its Board of Directors In Relati...
December 17 2013 - 11:05AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
KKR Financial Holdings LLC (“KKR Financial” or “the Company”)
(NYSE: KFN) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Kohlberg Kravis Roberts & Co. LP (“KKR & Co.”) (NYSE:
KKR).
Click here to learn more about the action
http://zlk.9nl.com/kkr-financial-kfn/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, KKR Financial shareholders will
receive 0.51 KKR & Co. shares for each share of KKR Financial
stock they own. The transaction has a total approximate value of
$2.6 billion. The investigation concerns whether the KKR Financial
Board of Directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before agreeing to enter
into this transaction, and whether KKR &Co. is underpaying for
KKR Financial shares. Members of KKR Financial and KKR & Co.
management have longstanding ties to one another, and KKR & Co.
already manages KKR Financial’s assets.
If you own KKR Financial common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/kkr-financial-kfn/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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