Health & Fitness
Health and Fitness
Health and Fitness
Tue, July 26, 2011Mon, July 25, 2011Sat, July 23, 2011Fri, July 22, 2011Thu, July 21, 2011Wed, July 20, 2011Tue, July 19, 2011Mon, July 18, 2011Fri, July 15, 2011Thu, July 14, 2011Wed, July 13, 2011Tue, July 12, 2011Mon, July 11, 2011Sun, July 10, 2011Sat, July 9, 2011Fri, July 8, 2011Thu, July 7, 2011Wed, July 6, 2011Tue, July 5, 2011Mon, July 4, 2011Sat, July 2, 2011Fri, July 1, 2011Thu, June 30, 2011The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Kinetic Concepts, Inc.
Published in Health and Fitness on Wednesday, July 13th 2011 at 12:55 GMT by Market Wire
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Kinetic Concepts, Inc. (aKCIa or the aCompanya) (NYSE: KCI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a group of investors led by Apax Partners. Under the terms of the transaction, KCI stockholders will receive $68.50 for each share of KCI stock they own. The transaction has a total approximate value of $6.3 billion, including the assumption of debt.
Click here to learn how to join the action: [ http://www.zlk.com/kinetic-concepts-kci ], or call: 877-363-5972.
The investigation concerns whether KCI's Board breached its fiduciary duties to stockholders by failing to adequately shop the Company before entering into this deal and whether Apax Partners is underpaying for KCI shares, thus unlawfully harming KCI stockholders. At least one analyst has set a price target of $75 per share. James Leininger, the founder of KCI and chairman emeritus, has agreed to vote his 11% interest in favor of the transaction, and the offer is merely a 6% premium over KCI's closing price the day before. Consequently, Levi & Korsinsky is investigating whether KCI's Board considered all potential alternatives and obtained the best price for the stockholders.
If you own common stock in KCI and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at [ ek@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com ].
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions and have a combined experience of more than 50 years. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
