Kendall Law Group Investigates the Burlington Northern Acquisition for Shareholders
03 Novembre 2009 - 4:31PM
Business Wire
Kendall Law Group, founded by a former federal judge, is
investigating the proposed acquisition of Burlington Northern Santa
Fe Corp. (NYSE:BNI) by Berkshire Hathaway. Under the terms of the
agreement, Berkshire Hathaway will purchase the shares of BNI that
it does not currently own for $100 a share. Berkshire Hathaway
already owns 23 percent of BNI.
Former federal judge Joe Kendall said that the “investigation
concerns whether the consideration to be paid to BNI shareholders
is grossly unfair, inadequate, and substantially below the fair or
inherent value of BNI.” Also, the investigation will focus on
whether certain members of BNI’s Board of Directors may have
breached their fiduciary duties by not acting in BNI shareholders'
best interests in connection with the sale process of BNI.
If you are a current holder of BNI and would like additional
information concerning this proposed transaction, including your
rights, contact Hamilton Lindley at 877-744-3728 or by email at
hlindley@kendalllawgroup.com.
Kendall Law Group has substantial experience representing
investors in mergers and acquisitions nationwide. Lawyers at the
firm include a former United States Attorney, federal judicial law
clerks, a former state and federal judge in addition to experienced
securities lawyers.
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