Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of K-Tron International, Inc. - KTII
January 11 2010 - 11:20AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
K-Tron International, Inc. (“K-Tron” or the “Company”) (NasdaqGS:
KTII) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company
to Hillenbrand, Inc. ("Hillenbrand") (NYSE: HI). Under the terms of
the deal, K-Tron shareholders will receive $150.00 in cash for each
share of K-Tron they own for a total transaction value of
approximately $435 million.
The investigation concerns whether the K-Tron Board of Directors
breached their fiduciary duties to K-Tron stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Hillenbrand is underpaying for K-Tron
shares, thus unlawfully harming K-Tron stockholders.
If you own common stock in K-Tron and wish to obtain additional
information, please contact us at the number listed below or visit
http://www.zlk.com/ktii1.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
K Tron (NASDAQ:KTII)
Historical Stock Chart
From Nov 2024 to Dec 2024
K Tron (NASDAQ:KTII)
Historical Stock Chart
From Dec 2023 to Dec 2024
