The Law Firm of Weiss & Lurie Investigates the Acquisition of Kendle International Inc.
May 05 2011 - 4:13PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Kendle International
Inc. (Nasdaq:KNDL) arising from its proposed acquisition by the
privately held INC Research, LLC.
Under the terms of the acquisition, Kendle shareholders will
receive $15.25 per share. The deal is expected to close in the
third quarter of 2011.
Weiss & Lurie is investigating whether Kendle’s Board acted
in the best interests of shareholders in approving the transaction
and whether the Board properly sought to maximize shareholder
value. Notably, several analysts set the price target of Kendle
stock above the acquisition price of $15.25 per share, with the
high target being $17.00.
If you own Kendle shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Julia J. Sun either by email at
info@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at info@weisslurie.com or fill out the form on our
website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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