Health & Fitness
Sun, May 22, 2011Fri, May 20, 2011Thu, May 19, 2011Wed, May 18, 2011Tue, May 17, 2011Mon, May 16, 2011Sun, May 15, 2011Fri, May 13, 2011Thu, May 12, 2011Wed, May 11, 2011Tue, May 10, 2011Mon, May 9, 2011Sun, May 8, 2011Sat, May 7, 2011Fri, May 6, 2011Thu, May 5, 2011Wed, May 4, 2011Tue, May 3, 2011Mon, May 2, 2011Fri, April 29, 2011Thu, April 28, 2011Wed, April 27, 2011Tue, April 26, 2011Mon, April 25, 2011Fri, April 22, 2011Kendle International, Inc. Shareholder Investigation by The Briscoe Law Firm Concerning Acquisition by INC Research, LLC
Published in Health and Fitness on Monday, May 9th 2011 at 21:40 GMT by Market Wire
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of Kendle International, Inc. (aKendle Internationala or aKNDLa) (NASDAQ: KNDL) related to the buyout of Kendle International by INC Research, LLC.
The definitive merger agreement, which was announced on May 4, 2011, involves an all-cash transaction valued at approximately $232 million. Under the proposed buyout, Kendle International shareholders will receive $15.25 in cash for each share of Kendle International/KNDL common stock they hold. The transaction is expected to close in the third quarter of 2011.
The firms are investigating the fairness of the proposed transaction to Kendle International shareholders, whether the shareholders are being underpaid for their stock, and whether Kendle Internationala™s Board of Directors acted in the shareholdersa™ best interests. Specifically, as recently as May 2010, Kendle International shares closed as high as $15.81 per share, and at least one analyst has set a target price of $18.00 for Kendle International/KNDL shares. Based on these and other factors, the firms do not believe that the acquisition price is fair to Kendle International shareholders. The firms are also investigating whether Kendle Internationala™s Board of Directors adequately considered all viable alternatives a before entering into the agreement.
If you currently own shares of Kendle International/KNDL and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
