Posts Tagged ‘acquisition’
Monday, March 8th, 2010
(DALLAS) Kendall Law Group launched a shareholder investigation into infoGROUP, Inc. (NASDAQ: IUSA) in connection with its plan to sell the company to CCMP Capital Advisors. The national securities firm is concerned that the infoGROUP Board of Directors breached their fiduciary duties by failing to seek other deals to better represent the value of the company before entering into an agreement that is potentially unfair to shareholders and represents no premium for shareholders. If you are an IUSA shareholder and would like additional information about your rights, you are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On March 8, 2010, the companies announced that they had entered into an agreement for infoGROUP to be acquired by CCMP in a $635 million transaction, including the refinancing of the outstanding debt acquired by infoGROUP. According to the agreement, shareholders will receive $8.00 in cash for each IUSA share that they hold, which represents a $0.16 decrease in stock value from the closing price on the last trading day before the announcement. The transaction is expected to close early this summer.
Kendall Law Group, founded by a former federal judge, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as an IUSA shareholder by calling the firm.
Tags: acquisition, CCMP, CCMP Capital Advisors, infoGROUP Inc, investigation, IUSA, Kendall Law Group, NASDAQ: IUSA, shareholder
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Thursday, March 4th, 2010
(DALLAS) Kendall Law Group, a national shareholder rights law firm, launched an investigation into Novell Inc. (NASDAQ: NOVL) in connection with the proposed acquisition by Elliott Associates, L.P. The firm is concerned that the Board of Directors of Novell may breach their fiduciary duties by failing to seek other deals to better represent the value of the company if they agree to this proposal. If you are a Novell shareholder, we encourage you to contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com to discuss your personal circumstances.
On March 2, 2010, media reports indicated that Elliott Associates offered to purchase Novell in a $2 million transaction. The proposal offers $5.75 in cash per NOVL share owned, which represents a 21% premium over the $4.75 closing price on March 2, 2010. Analyst Richard Williams indicated that the “deal price is on the low side compared to recent deals that were transacted in the enterprise software space.” He also stated that he expects to see higher bid prices from rival companies. Investors may have significant recourse against the Board of Directors if they are found to have breached their fiduciary duties.
Kendall Law Group, founded by a former federal judge, has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a Novell shareholder by calling the firm.
Tags: acquisition, Elliott Associates LP, investigation, Kendall Law Group, NASDAQ: NOVL, Novell, NOVL, shareholder
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group launched a shareholder investigation into RiskMetrics Group Inc. (NYSE: RISK) in connection with its plan to sell the company to MSCI Inc. The national securities firm is concerned that the Board of Directors of RiskMetrics breached their fiduciary duties by failing to seek other deals to better represent the value of the company before entering into an agreement that is unfair to shareholders. If you are a RISK shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On March 1, 2010, the companies announced that they had entered into an agreement for RiskMetrics to be acquired by MSCI in a $1.5 billion transaction. According to the agreement, shareholders will receive $16.35 in cash and 0.1802 MSCI stock, valuing RISK shares at $21.75 per share. This represents a 17% premium over the $18.63 closing price of RISK on February 26, 2010. The transaction is expected to close late spring or early summer 2010.
Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a RISK shareholder by calling the firm.
Tags: acquisition, investigation, Kendall Law Group, Merger, MSCI, NYSE:RISK, RISK, RiskMetrics, sale, Securities, shareholder
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group investigates Millipore Corporation (NYSE:MIL) for investors concerning the proposed acquisition of Millipore by Merck KGaA. The national securities firm is concerned that the Board of Directors of Millipore may have breached their fiduciary duties by entering into an agreement that is unfair to shareholders, without seeking other deals that may have better represented the value of the company. If you are a MIL shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 28, 2010, the companies announced that they had entered into an agreement for Millipore to be acquired by Merck in a $7.2 billion transaction. According to the agreement, shareholders will receive $107.00 in cash per MIL share owned, only 13% over the $94.41 closing price before the deal was announced. The transaction is expected to close during the second half of 2010.
Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a MIL shareholder by calling the firm.
Tags: acquisition, investigation, Kendall Law Group, Lawsuit, Merck, Merger, Millipore, Millipore Corporation, NYSE:MIL, sale, Securities
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group is investigating CKE Restaurants, Inc. (NYSE: CKR) for shareholders in connection to the proposed sale of the Company to Thomas H. Lee Partners. The national securities litigation firm is investigating whether CKE properly shopped the Company prior to entering into the agreement. This possible breach of fiduciary duty may have kept the Company from reaching a deal that would provide better value of the Company. If you are a CKR shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 26, 2010, the Companies announced that they had entered into an agreement for CKE to be acquired by Thomas H. Lee in a $928 million transaction (including assumption of $309 million in debt). According to the agreement, shareholders will receive $11.05 in cash per CKR share owned, which represents a 24% premium over the closing price on the day before the announcement.
Kendall Law Group is founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, CKE, CKE Restaurants, CKR, investigation, Kendall Law Group, Lawsuit, Merger, NYSE: CKR, sale, shareholder, Thomas H. Lee, Thomas Lee
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group is investigating Bowne & Co., Inc. (NYSE:BNE) for shareholders in connection to the proposed sale of the Company to R.R. Donnelley & Sons. The national securities litigation firm is investigating whether Bowne properly shopped the Company prior to entering into the agreement. This possible breach of fiduciary duty may have kept Bowne from reaching deal that would provide better compensation to shareholders. If you are a BNE shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 24, 2010, the Companies announced that they had entered into an agreement for R.R. Donnelley to acquire Bowne in a $481 million transaction expected to close in the second half of 2010. According to the agreement, shareholders will receive $11.50 in cash per BNE share owned.
Kendall Law Group has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm is founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation.
Tags: acquisition, BNE, Bowne, Bowne & Co., investigation, Kendall Law Group, Lawsuit, Merger, NYSE:BNE, R.R. Donnelley, sale, Securities, shareholder
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Tuesday, February 23rd, 2010
(DALLAS) Kendall Law Group is investigating Smith International Inc. (NYSE:SII) for investors concerning the proposed acquisition of Smith by Schlumberger Ltd. The firm is investigating whether the Smith Board of Directors may have breached its fiduciary duties by entering into an agreement that is unfair to shareholders, without seeking other deals that may have better represented the value of the company. If you have relevant information or are an SII shareholder, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 21, 2010, the companies announced that they had entered into an agreement for Smith to be acquired by Schlumberger in an $11.01 billion all-stock transaction. According to the agreement, shareholders will receive 0.6966 in SLB stock per SII share owned. This values SII shares at $44.51, based on the closing price of Schlumberger on the last trading day before the announcement, which represents an 18% premium over the $37.70 closing price of Smith on February 19. The transaction is expected to close in the latter half of 2010.
Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as an SII shareholder by calling Kendall Law Group.
Tags: acquisition, Investigiation, Kendall Law Group, NYSE:SII, Schlumberger Ltd, shareholder, SII, Smith International Inc
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Wednesday, February 17th, 2010
(DALLAS) Kendall Law Group investigates Terra Industries Inc. (NYSE:TRA) for investors concerning the proposed acquisition of Terra by Yara International ASA. The Board of Directors of Terra may have breached their fiduciary duties by entering into an agreement that is unfair to shareholders, without seeking other deals that may have better represented the value of the company. If you are a TRA shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 15, 2010, Terra Industries announced that they had entered into an agreement to be acquired by Yara International in a $4.1 billion transaction. According to the agreement, shareholders will receive $41.10 in cash per TRA share owned, only 24% over the $33.25 closing price before the deal was announced. TRA common stock closed at $43.12 as recently as December 10, 2009. Due to the $123 million termination fee, it is unlikely that Terra will continue to seek other options.
Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a TRA shareholder by calling the firm.
Tags: acquisition, Buyout, investigation, Investment, Kendall Law Group, NYSE:TRA, shareholder, Terra Industries, Terra Industries Inc, TRA, Yara International ASA
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Tuesday, February 16th, 2010
(DALLAS) Kendall Law Group, an experienced securities law firm, is investigating the proposed buyout of Allegheny Energy, Inc. (NYSE: AYE) for shareholders. The investigation concerns possible breaches of fiduciary duty by directors and officers in connection with the proposed acquisition of Allegheny, by FirstEnergy Corp. If you are a shareholder of AYE and would like additional information, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com.
Under the terms of the buyout, Allegheny shareholders would receive .0667 of FirstEnergy stock per share of Allegheny owned. This purports to be a 32 percent premium for Allegheny shareholders placing the value around $27.65 per share. The law firm’s investigation seeks to determine whether the consideration to be paid is substantially below the fair or inherent value of the Company, grossly unfair, and inadequate with regard to the sale process, and whether the deal is in the best interest of the shareholders.
The New York Times has reported FirstEnergy’s justification for the deal relies on its estimate of $350 million in cost savings over a two year period. However, using a present value basis analysis, the Times reports those savings may be worth around $2 billion. The Times report claims the cost savings amount nearly doubles the equity premium being offered to Allegheny shareholders.
Kendall Law Group, founded by former federal judge Joe Kendall, routinely fights for shareholders in unfair mergers nationwide. If you have information to contribute to the investigation or would like more information about your rights as an Allegheny shareholder – contact Kendall Law Group.
Tags: acquisition, Allegheny, Allegheny Energy Inc, AYE, Buyout, FirstEnergy Corp, Investigation Kendall Law Group, NYSE: AYE, shareholder
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Friday, February 5th, 2010
(DALLAS) Kendall Law Group fights for better deal for shareholders of Silicon Storage Technology, Inc. (NASDAQ: SSTI). The firm is concerned that proper consideration is not being paid to shareholders in the proposed acquisition by Microchip Technology Incorporated. If you are a shareholder of SSTI and would like additional information, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On February 3, 2010, SSTI announced that they had entered into an agreement to be acquired by Microchip in a $284 million transaction. According to this agreement, shareholders will receive $2.85 in cash per SSTI share owned, only 6% over the $2.69 closing price before the deal was announced. This news follows the recent termination of a merger agreement with Technology Resources Holdings, Inc. that was entered into on November 13, 2009 and ended on February 2, 2010 with a $4,025,875 termination fee paid by SSTI. Due to the two recent transactions, neither of which providing fair compensation to the shareholders, the firm is concerned that the Board of Directors may have breached their fiduciary duties by not properly shopping the Company before entering into the agreement.
Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. If you are a shareholder of SSTI and would like to give or receive additional information, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com.
Tags: acquisition, Kendall Law Group, Merger, Microchip Technology Incorporated, NASDAQ:SSTI, Shareholder Lawsuit, Silicon Storage Technology Inc, SST, SSTI
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Tuesday, February 2nd, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of COMSYS IT Partners, Inc. (NASDAQ: CITP) by Manpower Inc. in a $431 million transaction expected to close mid-March 2010. The investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of COMSYS may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
Manpower announced today that they have entered into an agreement to acquire COMSYS, which has already been approved by board of directors for both companies. According to the agreement, shareholders will receive a value of $17.65 per share of COMSYS stock owned, which represents a 33% premium over the $13.23 closing price on February 1 before the agreement was announced. Shareholders will have the option to accept all cash or a fraction of Manpower stock.
If you are a current holder of CITP and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: acquisition, COMSYS IT Partners Inc., Kendall Law Group, Manpower Inc, shareholder
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Friday, January 22nd, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Lodgian, Inc. (NYSE: LGN) by an affiliate of Lone Star Real Estate Fund, L.P. The firm’s investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of LGN may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
On January 22, 2010, the companies announced that they had entered into a merger agreement for Lone Star to acquire Lodgian in a $270 million transaction expected to close during the second quarter of 2010. According to the agreement, Lodgian shareholders will receive $2.50 cash per share, which represents a 40% premium over the closing price on January 21, 2010 before the deal was announced. The 52 week high for Lodgian was $3.20, closing at $2.00 as recently as November 2009
If you are a current holder of LGN and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: acquisition, investigation, Kendall Law Group, Lodgian Inc, Lone Star Real Estate Fund L.P., NYSE: LGN, shareholder
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Wednesday, January 20th, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Brink’s Home Security Holdings Inc. (NYSE: CFL) by Tyco International Ltd. The firm’s investigation seeks to determine whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the Brink’s. Also, the investigation will focus on whether the Board of Directors may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
On January 18, 2010, the companies announced that they had reached an agreement for Tyco to acquire Brink’s in a $2 billion transaction expected to close in the second half of its fiscal year, which began September 26, 2009. According to the agreement, shareholders will receive $42.50 per Brink’s share owned. Shareholders will have the option to receive all cash, cash and stock or all stock. This represents approximately 35% premium over the $31.42 closing price of Brink’s on the last trading day before the announcement.
If you are a current holder of CFL and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: acquisition, Brink's Home Security Holdings Inc, investigation, Kendall Law Group, NYSE: CFL, shareholder, Tyco International Ltd
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Friday, October 23rd, 2009
(DALLAS) Kendall Law Group, led by a former federal judge and former US Attorney, announces a shareholder investigation into the Board of Directors of MPS Group, Inc. (NYSE: MPS) in connection with the proposed acquisition by Adecco Group.
On October 20, 2009, Adecco announced its plans to purchase MPS Group, Inc., a company that provides staffing, consulting, and business solutions, for $1.17 billion. According to the agreement, shareholders will receive $13.80 in cash per MPS common stock owned. The transaction is expected to be complete in the first quarter of 2010 and includes a no-solicitation provision and $45 million termination fee.
Kendall Law Group’s investigation concerns whether the consideration to be paid to shareholders is below the fair or inherent value of the Company and whether the directors and may have breached their fiduciary duties by not acting in the shareholders’ best interests in connection with the sale process.
Kendall Law Group has nationwide experience representing investors in mergers and acquisitions. For information about your rights as a MPS shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Tags: acquisition, Adecco Group, deal, Kendall Law Group, MPS, MPS Group, Shareholder Investigation
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