Health & Fitness
Health and Fitness
Health and Fitness
Thu, July 14, 2011
Wed, July 13, 2011 Harwood Feffer LLP Announces Investigation of Kinetic Concepts, Inc.
NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of Kinetic Concepts, Inc. ("Kinetic" or the "Company") (NYSE: KCI) concerning the proposed acquisition of the Company by a group of investors led by Apax Partners in a transaction valued at approximately $5 billion.
On July 13, 2011, Kinetic announced that it had entered into a definitive merger agreement pursuant to which the Company would be acquired by a group of investors advised by Apax Partners together with affiliates of Canada Pension Plan B Investment Board and the Public Sector Pension Board. Under the terms of the agreement, Kinetic stockholders will receive $68.50 in cash for each shares of Kinetic stock held. Our investigation concerns whether the board of directors is undertaking a fair process to obtain fair consideration for all shareholders of Kinetics. The offer price represents approximately a 6.2 percent premium over the July 12, 2011 closing price. Analysts have set price targets in a going-private transaction of more than $70.00 per share.
If you own shares of Kinetics and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Robert I. Harwood, Esq. at [ rharwood@hfesq.com ] or Daniella Quitt, Esq. at [ dquitt@hfesq.com ]. You may also call them at (877) 935-7400. For more information about class actions, or to sign up online, please visit our website: [ www.hfesq.com ].
Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
