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The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Kendle Inter

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  Published in Health and Fitness on Friday, May 6th 2011 at 18:01 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg 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 transaction, Kendle shareholders will receive $15.25 in cash per share 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. According to Yahoo! Finance, at least one analyst set a price target for Kendle stock at $18.00 per share.

If you own common stock in Kendle and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/kendle-international.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.