Kendall Law Group Investigates Ceradyne Inc.
October 01 2012 - 6:20PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Ceradyne Inc. (NASDAQ: CRDN) for shareholders in
connection with the proposed acquisition by 3M. The national
securities firm’s investigation seeks to determine whether Ceradyne
and its Board of Directors breached their fiduciary duties by
entering into the agreement without properly shopping for a deal
that would provide better value for shareholders. If you are a
Ceradyne shareholder and would like additional information about
your rights, contact the Kendall Law Group at 877-744-3728 or by
email at investor@kendalllawgroup.com.
On October 1, 2012, the companies announced the definitive
merger agreement under which Ceradyne would be acquired by 3M, in a
transaction valued at approximately $860 million. Under the terms
of the agreement, Ceradyne stockholders will receive $35 in cash
for each share of Ceradyne/CRDN common stock held. The firm’s
investigation seeks to determine whether Ceradyne and its Board of
Directors undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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