SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Kaydon Corporation
18 Septembre 2013 - 12:32AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Kaydon Corporation (“Kaydon” or the “Company”) (NYSE: KDN) relating
to the proposed acquisition by AB SKF (“SKF”).
Click here to learn more about the investigation
http://brodsky-smith.com/636-kdn-kaydon-corporation.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Kaydon shareholders will
receive only $35.50 in cash for each share of Kaydon stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Kaydon for not acting in the Company’s shareholders' best interests
in connection with the sale process. The transaction may undervalue
the Company as Kaydon stock traded at $38.00 per share on February
27, 2012 and an analyst has set a price target of $36.00 per share
for Kaydon stock. In addition, the offer price is below the premium
paid to shareholders in comparable transactions.
If you own shares of Kaydon common 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, by visiting
http://brodsky-smith.com/636-kdn-kaydon-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/636-kdn-kaydon-corporation.html
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