Law Firm Brower Piven Announces Investigation of Kaydon Corporation Proposed Buyout
18 Septembre 2013 - 7:48PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of Kaydon Corporation
(“Kaydon” or the “Company”) (NYSE: KDN) and other violations of
state law by the board of directors of Kaydon relating to the
proposed buyout of the Company by AB SKF. The firm’s investigation
seeks to determine, among other things, whether the board of
directors of Kaydon breached their fiduciary duties by failing to
maximize shareholder value.
According to the press release announcing the proposed buyout,
Kaydon shareholders will receive $35.50 per share in cash for each
share of Kaydon common stock they own. According to Yahoo! Finance,
the median analyst price target is $36.00 per Kaydon share.
If you currently own common stock of Kaydon and would like to
learn more about the investigation being conducted by Brower Piven,
you may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, 410-415-6616hoffman@browerpiven.com
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