KAYDON SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Kaydon Corp. (KDN) Over the Proposed Sale of th...
16 Septembre 2013 - 11:00PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Kaydon Corporation
(“Kaydon” or the “Company”) (NYSE:KDN) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to AB SKF (SKFB) in a cash deal valued at
approximately $1.25 billion. Under the terms of the proposed
transaction, Kaydon’s stockholders will receive $35.50 for each
share of Kaydon common stock they own, while according to Yahoo!
Finance, at least one financial analyst has set a price target of
$36.00 for Kaydon.
Request more information now by clicking here:
www.faruqilaw.com/KDN. There is no cost or
obligation to you.
The investigation focuses on whether Kaydon’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Kaydon’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Kaydon and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/KDN or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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