The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Kendle Int...
May 09 2011 - 11:52AM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Kendle International, Inc. (Nasdaq: KNDL) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to INC Research, LLC. Under
the terms of the deal, Kendle shareholders will receive $15.25 per
share of Kendle stock they own for a total transaction value of
approximately $232 million.
The investigation concerns whether the Kendle Board of Directors
breached their fiduciary duties to Kendle stockholders by failing
to adequately shop the Company before entering into this
transaction and whether INC Research, LLC is underpaying for Kendle
shares, thus unlawfully harming Kendle stockholders. According to
Thomson/First Call, at least one analyst set a price target for
Kendle stock at $18.00 per share and Kendle reported a book value
of $15.46 per share for the most recent quarter.
If you own common stock in Kendle and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/kendle-international.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
Kendle (NASDAQ:KNDL)
Historical Stock Chart
From Jul 2024 to Aug 2024
Kendle (NASDAQ:KNDL)
Historical Stock Chart
From Aug 2023 to Aug 2024