Kendall Law Group Investigates American Italian Pasta Co. Merger for Shareholders
June 22 2010 - 11:52AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating American Italian Pasta Co. (NASDAQ: AIPC) for
shareholders in connection with the proposed merger with Ralcorp
Holdings Inc. The national securities firm’s investigation seeks to
determine whether AIPC and its Board breached their fiduciary
duties by entering into the agreement without properly shopping for
a deal that would provide better value for shareholders. If you are
an AIPC shareholder and would like additional information about
your rights, you are encouraged contact the Kendall Law Group at
877-744-3728 or by email at jmckey@kendalllawgroup.com.
On June 21, 2010, the companies announced that they had entered
into an agreement for AIPC to be acquired by Ralcorp in a
transaction valued at approximately $1.2 billion. Under the terms
of the agreement, Ralcorp will acquire all outstanding shares of
AIPC common stock for $53.00 per share. In addition, all directors
and officers of AIPC will continue in their current roles in the
surviving corporation. According to Thompson/First Call, at least
one analyst has set a price target of $60 per share.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. Since leaving the bench to return to trial work, Mr.
Kendall has had tremendous success at the prosecution of patent,
consumer and securities class action litigation either as lead,
co-lead or liaison counsel. The firm has also been counsel in
numerous merger and acquisition cases nationwide, including some of
the largest transactions in the United States.
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