N@N

Law Offices of Howard G. Smith Announces Investigation of Kinetic Concepts, Inc.

^{Published on 2011-07-13 16:50:25 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Kinetic Concepts, Inc. (aKinetica or the aCompanya) (NYSE:KCI) related to the Companya™s agreement to be acquired by Apax Partners, Inc. and affiliates of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board in a proposed transaction where Kinetic shareholders will receive $68.50 per share in a cash for stock transaction. The transaction is valued at approximately $6.3 billion.

The investigation concerns whether the board of directors of Kinetic breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. Specifically, the Company has seen substantial growth recent growth. Revenue and operating income at the Company have increased in the first and second quarter and are projected to continue to increase. Further, at least one analyst has set a target price of $70 per share, virtually nullifying any premium that Kinetics shareholders would receive under the transaction.

If you are a shareholder of Kinetic, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].