Kendall Law Group Launches Shareholder Investigation into RiskMetrics Group Inc.
03 Mars 2010 - 12:24AM
Business Wire
Kendall Law Group launched a shareholder investigation into
RiskMetrics Group Inc. (NYSE: RISK) in connection with its plan to
sell the company to MSCI Inc. The national securities firm is
concerned that the Board of Directors of RiskMetrics breached their
fiduciary duties by failing to seek other deals to better represent
the value of the company before entering into an agreement that is
unfair to shareholders. If you are a RISK shareholder and would
like additional information about your rights, contact the Kendall
Law Group at 877-744-3728 or by email at
hlindley@kendalllawgroup.com.
On March 1, 2010, the companies announced that they had entered
into an agreement for RiskMetrics to be acquired by MSCI in a $1.5
billion transaction. According to the agreement, shareholders will
receive $16.35 in cash and 0.1802 MSCI stock, valuing RISK shares
at $21.75 per share. This represents a 17% premium over the $18.63
closing price of RISK on February 26, 2010. The transaction is
expected to close late spring or early summer 2010.
Kendall Law Group, founded by former federal judge Joe Kendall,
has been counsel in dozens of merger and acquisition cases
nationwide, including some of the largest transactions in the
United States. The firm includes a former United States Attorney,
prosecutors and securities lawyers who are experienced in complex
securities litigation. Protect your rights as a RISK shareholder by
calling the firm.
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