The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Kendle Int...
May 06 2011 - 10:31AM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Kendle International, Inc. (Nasdaq: KNDL) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to INC Research, LLC. Under
the terms of the proposed transaction, Kendle shareholders will
receive $15.25 in cash per share a total transaction value of
approximately $232 million.
The investigation concerns whether the Kendle Board of Directors
breached their fiduciary duties to Kendle stockholders by failing
to adequately shop the Company before entering into this
transaction and whether INC Research, LLC is underpaying for Kendle
shares. According to Yahoo! Finance, at least one analyst set a
price target for Kendle stock at $18.00 per share.
If you own common stock in Kendle and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/kendle-international.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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