Law Office of Brodsky & Smith, LLC Announces Investigation of Kendle International, Inc.
May 05 2011 - 11:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Kendle International, Inc. (“Kendle” or the “Company”) (Nasdaq -
KNDL) relating to the proposed acquisition by INC Research, LLC.
(“INC Research”).
Under the terms of the transaction, Kendle shareholders would
receive $15.25 in cash for each share of common stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Kendle
by not acting in Kendle shareholders' best interests in connection
with the sale process to INC Research. The transaction may
undervalue Kendle as Kendle stock traded at $16.88 as recently as
May 5, 2010 and an analyst placed a target price for Kendle stock
at $18.00 per share.
If you own shares of Kendle stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/285-kndl-kendle-international-inc.html, or
by calling toll free 877-LEGAL-90.
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