Health and Fitness Health and Fitness
Tue, July 19, 2011
Mon, July 18, 2011
Fri, July 15, 2011

Law Office of Brodsky & Smith, LLC Announces Investigation of Kinetic Concepts, Inc.


Published on 2011-07-15 10:50:22 - Market Wire
  Print publication without navigation


BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Kinetic Concepts, Inc (aKinetica or the aCompanya) (NYSE:KCI) relating to the proposed acquisition by a consortium of funds advised by Apax Partners.

Under the terms of the transaction Kinetic shareholders would receive $68.50 in cash for each share Kinetic stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Kinetic for not acting in the Companya™s shareholders' best interests in connection with the sale process. The transaction may undervalue Kinetic as on April 26, 2011 Kinetic reported revenue for the quarter above analyst estimates. Additionally, an analyst has set a price target of $70.00 per share for Kinetic stock.

If you own shares of Kinetic stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], visiting [ http://brodsky-smith.com/316-kci-kinetic-concepts-inc.html ], or by calling toll free 877-LEGAL-90.

Contributing Sources