Kendall Law Group Investigates Bare Escentuals, Inc. on Behalf of Shareholders
January 19 2010 - 12:11PM
Business Wire
Kendall Law Group, founded by a former federal judge, is
investigating the proposed tender offer of Bare Escentuals, Inc.
(NASDAQ: BARE) by Japan-based Shiseido Co., Ltd. and Blush
Acquisition Corporation.
The investigation focuses on the process employed by the Board
of Directors in selling the company and whether they may be
unlawfully benefiting from the transaction because key management
will remain at the company following the buyout.
On January 14, 2010, Bare Escentuals announced that it has
entered into a merger agreement with Shiseido. The $1.7 billion
transaction is expected to commence within ten business days and
close during the first quarter of 2010. According to the agreement,
shareholders will receive $18.20 per share of BARE common stock
owned. BARE closed as high as $14.78 in November, 2009.
If you are a current holder of BARE and have additional
information regarding the proposed transaction, or would like to
discuss your rights as a shareholder, contact Hamilton Lindley at
877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall
Law Group has substantial experience representing investors in
mergers and acquisitions nationwide. Lawyers at the firm include a
former United States Attorney, federal judicial law clerk, a former
state and federal judge, in addition to experienced securities
lawyers.
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