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Mon, May 9, 2011
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Law Office of Brodsky & Smith, LLC Announces Investigation of Kendle International, Inc.
BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Kendle International, Inc. (aKendlea or the aCompanya) (Nasdaq - KNDL) relating to the proposed acquisition by INC Research, LLC. (aINC Researcha).
Under the terms of the transaction, Kendle shareholders would receive $15.25 in cash for each share of common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Kendle by not acting in Kendle shareholders' best interests in connection with the sale process to INC Research. The transaction may undervalue Kendle as Kendle stock traded at $16.88 as recently as May 5, 2010 and an analyst placed a target price for Kendle stock at $18.00 per share.
If you own shares of Kendle stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], visiting [ http://brodsky-smith.com/285-kndl-kendle-international-inc.html ], or by calling toll free 877-LEGAL-90.