Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Kaydon Corporation Shareholders
09 Septembre 2013 - 6:11PM
Business Wire
Kirby McInerney LLP is investigating potential claims against
the Board of Directors of Kaydon Corporation (“Kaydon” or the
“Company”) (NYSE: KDN) related to the proposed acquisition of the
Company by AB SKF. Under the terms of the transaction, Kaydon
shareholders will receive $35.50 cash for each share of Kaydon
stock they own, valuing the transaction at approximately $1.25
billion.
The investigation concerns whether Kaydon’s Board of Directors
violated its fiduciary duties by agreeing to this transaction and
whether the proposed consideration adequately values Kaydon’s
common shares. At least one analyst has set a price target of
$36.00 per share and the shares traded at over $38.00 in 2012.
If you are a shareholder of Kaydon Corporation and wish to
obtain additional information, please contact J. Brandon
Walker, Esq. by email at bwalker@kmllp.com, by telephone at (212)
699-1145 or (888) 529-4787, or by filling out this contact
form.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
Kirby McInerney LLPJ. Brandon Walker, Esq., 212-699-1145 or
888-529-4787bwalker@kmllp.com
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