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The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Kendle International, Inc.

^{Published on 2011-05-17 16:30:41 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein 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 deal, INC Research will pay Kendle shareholders $15.25 per share in cash for 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. At least one analyst set a price target for Kendle stock at $18.00 per share and Kendle reported a book value of $15.46 per share for the most recent quarter.

If you own common stock in Kendle and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/kendle-international-kndl.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.