Buyout of K-Sea Transportation Prompts Shareholder Claims Investigation by Goldfarb Branham Law Firm LLP
March 17 2011 - 6:47PM
Business Wire
Goldfarb Branham LLP is investigating whether the board of K-Sea
Transportation Partners LP (NYSE: KSP) violated shareholder
protection laws in connection with the proposed acquisition by
Kirby for $8.15 per share or a combination of $4.075 per share in
cash and 0.0734 shares of Kirby. If you are a K-Sea shareholder or
have information about this buyout, contact the Hamilton Lindley at
877-583-2855 or by email at hlindley@goldfarbbranham.com.
“This offer appears to be undervalued because K-Sea traded at
$10.12 in the past year and has a book value of $11.77 per share,”
said securities lawyer Hamilton Lindley. “Our proposed class action
lawsuit seeks to ensure that the directors properly shopped the
company, maximized value to the shareholders and disclosed full and
fair information about the transaction.”
Goldfarb Branham’s lawyers have significant experience
representing individual and institutional investors in over 100
shareholder class action cases. A firm securities lawyer, Hamilton
Lindley, can be reached at hlindley@goldfarbbranham.com or
877-583-2855 to discuss the impact of this buyout on K-sea
shareholders.
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