The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Kendle International, Inc...
May 17 2011 - 7:24PM
Business Wire
The Law Office of Joseph Klein is 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 proposed deal, INC Research will pay Kendle
shareholders $15.25 per share in cash 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. 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 Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/kendle-international-kndl.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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