Posts Tagged ‘deal’
Wednesday, September 8th, 2010
Kendall Law Group, led by former federal judge Joe Kendall, is investigating Microtune Inc. (NASDAQ: TUNE) for shareholders in connection with the proposed acquisition by the Zoran Corporation. The national securities firm’s investigation seeks to determine whether Microtune and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Microtune shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On September 8, 2010 Zoran announced that the companies have entered into a definitive merger agreement under which Microtune would be acquired by Zoran in a transaction valued at approximately $166 million, or $84 million net of cash acquired. Under the terms of the agreement, Microtune stockholders will receive $2.92 in cash for each share of Microtune/TUNE common stock held, a 19% premium over the company’s Tuesday closing price. In addition, according to Thompson/First Call, at least one analyst has set a price target of $5.00 per share for Microtune stock. Due to these factors, the firm believes the transaction significantly undervalues the company.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, investigation, Kendall Law Group, litigation, Merger, Microtune Inc., NASDAQ: TUNE, Securities, share, shareholder, stock, stockholder, TUNE, unfair, Zoran Corporation
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Tuesday, September 7th, 2010
Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating ZymoGenetics, Inc. (NASDAQ: ZGEN) for shareholders in connection with the proposed acquisition by the Bristol-Myers Squibb Company. The national securities firm’s investigation seeks to determine whether ZymoGenetics and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a ZymoGenetics shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On September 7, 2010 the companies announced that the companies have entered into a definitive merger agreement under which ZymoGenetics would be acquired by Bristol-Myers Squibb in a transaction valued at approximately $735 million net of cash acquired. Under the terms of the agreement, ZymoGenetics stockholders will receive $9.75 in cash for each share of ZymoGenetics/ZGEN common stock held. The firm’s investigation seeks to discover whether the transaction properly values the company.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, Bristol-Myers Squibb Company, deal, investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, Merger, NASDAQ: ZGEN, Securities, share, shareholder, stock, stockholder, unfair, ZGEN, ZymoGenetics Inc.
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Tuesday, September 7th, 2010
Kendall Law Group, a national securities firm led by a former federal judge, is investigating Enterprise GP Holdings L.P. (NYSE: EPE) for unitholders in connection with the proposed acquisition by Enterprise Products Partners L.P. The firm is investigating whether Enterprise GP Holdings 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 for unitholders. If you are an Enterprise GP unitholder 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 skendall@kendalllawgroup.com.
On September 7, 2010 the companies announced that the companies have entered into a definitive merger agreement under which Enterprise GP would be acquired by Enterprise Products. Under the terms of the agreement, Enterprise GP unitholders will receive 1.5 Enterprise Products common units (valued at approximately $57.68) in exchange for each Enterprise GP limited partner unit they own at closing, which represents a premium of aproximately 16% when using Enterprise GP’s September 3 closing price. Based on historical stock prices, the firm believes the transaction significantly undervalues the company.
Kendall Law Group was founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, Enterprise GP Holdings L.P., EPE, investigation, Kendall Law Group, Merger, NYSE: EPE, share, shareholder, stock, stockholder, unfair, unit, unitholder
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Tuesday, September 7th, 2010
Kendall Law Group, led by former federal judge Joe Kendall, is investigating Res-Care, Inc. (NASDAQ: RSCR) for shareholders in connection with the proposed acquisition by Onex Partners III. The national securities firm’s investigation seeks to determine whether Res-Care and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Res-Care shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On September 7, 2010 the companies announced that the companies have entered into a definitive merger agreement under which Res-Care would be acquired by Onex Partners III in a transaction valued at approximately $340 million. Under the terms of the agreement, Res-Care stockholders will receive $13.25 in cash for each share of Res-Care/RSCR common stock held. The firm believes the transaction may be undervalueing the company.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, Merger, NASDAQ: RSCR, Onex Partners III, Res-Care Inc., RSCR, Securities, share, shareholder, stock, stockholder, unfair
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Wednesday, September 1st, 2010
Kendall Law Group, led by former federal judge Joe Kendall, is investigating Salary.com, Inc. (NASDAQ: SLRY) for shareholders in connection with the proposed acquisition by Kenexa Corporation. The national securities firm is investigating whether a fair process was used prior to entering into the merger agreement and whether the Board of Directors breached their fiduciary duties by not seeking a deal that would provide better value for the shareholders. If you are a Salary.com shareholder and would like additional information about your rights, you are urged to contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On September 1, 2010 the companies announced that they have entered into a definitive merger agreement under which Salary.com would be acquired by Kenexa in a transaction valued at approximately $80 million. Under the terms of the agreement, Salary.com stockholders will receive $4.07 in cash for each share of Salary.com/SLRY common stock held. The firm’s investigation seeks to determine if the transaction is properly valuing the company.
Kendall Law Group, founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, management, Merger, NASDAQ: SLRY, Salary.com Inc., Securities, SLRY, unfair
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Wednesday, September 1st, 2010
Kendall Law Group, led by former federal judge Joe Kendall, is investigating American Physicians Service Group (NASDAQ: AMPH) for shareholders in connection with the proposed acquisition by ProAssurance Corporation. The national securities firm’s investigation seeks to determine whether AMPH and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an AMPH shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On September 1, 2010 the companies announced that they have entered into a definitive merger agreement under which AMPH would be acquired by ProAssurance in a transaction valued at approximately $233 million. Under the terms of the agreement, AMPH stockholders will receive $32.50 in cash for each share of AMPH common stock held. In addition, according to Thompson/First Call, at least one analyst has set a price target of $35.00 per share. Due to these factors, the firm believes the transaction significantly undervalues the company.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, American Physicians Service Group, AMPH, deal, investigation, Kendall Law Group, litigation, Merger, NASDAQ: AMPH, Securities, share, shareholder, stock, stockholder, unfair
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Monday, August 30th, 2010
Kendall Law Group, a national securities firm led by a former federal judge, is investigating A.D.A.M. Inc. (NASDAQ: ADAM) for shareholders in connection with the proposed acquisition by Ebix Inc. The firm is investigating whether A.D.A.M. 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 for shareholders. If you are an A.D.A.M. 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 skendall@kendalllawgroup.com.
On August 30, 2010 the companies announced that the companies have entered into a definitive merger agreement under which A.D.A.M. would be acquired by Ebix in a transaction valued at approximately $66 million. Under the terms of the agreement, A.D.A.M. stockholders will receive 0.3122 of Ebix stock for each share of A.D.A.M./ADAM common stock.
Kendall Law Group was founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: A.D.A.M. Inc, acquisition, ADAM, deal, Ebix Inc., investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, Merger, NASDAQ: ADAM, Securities, share, shareholder, stock, stockholder, unfair
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Monday, August 30th, 2010
Kendall Law Group, led by former federal judge Joe Kendall, is investigating Cogent Inc. (NASDAQ: COGT) for shareholders in connection with the proposed acquisition by 3M. The national securities firm’s investigation seeks to determine whether Cogent and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Cogent shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 30, 2010 the companies announced that the companies have entered into a definitive merger agreement under which Cogent would be acquired by 3M in a transaction valued at approximately $900 million. Under the terms of the agreement, Cogent stockholders will receive $10.50 in cash for each share of Cogent/COGT common stock. Due to these factors, the firm believes the transaction significantly undervalues the company.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: 3M, acquisition, Cogent Inc, COGT, deal, investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, Merger, NASDAQ: COGT, Securities, share, shareholder, stock, stockholder, unfair
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Friday, August 27th, 2010
Kendall Law Group, a national securities firm led by a former federal judge, is investigating Wesco Financial Corp. (AMEX: WSC) for shareholders in connection with the proposed buyout by Berkshire Hathaway Inc. The firm is investigating whether Wesco 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 for the Company. If you are a Wesco 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 skendall@kendalllawgroup.com.
On August 26, 2010, Berkshire Hathaway announced that it plans to buy the 19.9% stake it doesn’t already own by paying an amount equal to Wesco’s book value per share. Under the terms of the agreement, Wesco stockholders can choose to receive $353 in cash or Berkshire Class B shares, or a combination of the two for each share of Wesco stock held. Berkshire Hathaway currently owns 80.1% of Wesco. Based on historical stock prices, the firm believes the transaction significantly undervalues the company.
Kendall Law Group was founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, AMEX: WSC, Bershire Hathaway, Buyout, deal, investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, Merger, Securities, share, shareholder, stock, stockholder, unfair, Wesco Financial Corp., WSC
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Tuesday, August 24th, 2010
Kendall Law Group, led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Diamond Management & Technology, Inc. (NASDAQ: DTPI) for shareholders in connection with the proposed acquisition by PricewaterhouseCoopers LLP. The national securities firm’s investigation seeks to determine whether Diamond and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Diamond shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 24, 2010 Diamond and PricewaterhouseCooper announced that the companies have entered into a definitive merger agreement under which Diamond would be acquired by PricewaterhouseCooper in a transaction valued at approximately $378 million. Under the terms of the agreement, Diamond stockholders will receive $12.50 in cash for each share of Daimond common stock. While the companies have reported that the transaction represents a premium of 31% to Diamond’s August 23, 2010 closing stock price of $9.54, Diamond’s average closing share price was approximately $10.35 from June 1, 2010 through August 23. Additionally, according to Thompson/First Call, at least one analyst has set a $14.00 price target for Diamond shares.
Kendall Law Group was founded by a former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, Diamond Management and Technology Inc., DTPI, investigation, Kendall Law Group, law firm, Lawsuit, litigation, Merger, NASDAQ: DTPI, PricewaterhouseCoopers, Securities, share, shareholder, stock, stockholder, unfair
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Wednesday, August 18th, 2010
Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Phoenix Technologies Ltd. (NASDAQ: PTEC) for shareholders in connection with the proposed acquisition by affiliates of Marlin Equity Partners. The firm’s investigation seeks to determine whether Phoenix and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Phoenix shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 18, 2010, Phoenix announced that it had entered into a definitive merger agreement with affiliates of Marlin under which Marlin would acquire all outstanding shares of Phoenix common stock for $3.85 per share in cash. Tom Lacey, Phoenix president and chief executive officer, recently expressed optimism in the company’s financial future, stating that the company expected their “planned increase in sales to continue to translate directly” to their bottom line. In addition, according to Thompson/First Call, at least one analyst has set a price target of $4.00 per share for Phoenix stock.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: : Phoenix Technologies Ltd, acquisition, deal, investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, Merger, NASDAQ: PTEC, PTEC, Securities, share, shareholder, stock, stockholder, unfair
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Tuesday, August 17th, 2010
Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Osteotech, Inc. (NASDAQ: OSTE) for shareholders in connection with the proposed acquisition by Medtronic, Inc. The firm’s investigation seeks to determine whether Osteotech and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Osteotech shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 17, 2010, Medtronic and Osteotech announced that they had signed a definitive agreement under which Medtronic will acquire Osteotech in a transaction valued at approximately $123 million. Under the terms of the agreement, Osteotech shareholders will recieve $6.50 for each share of Osteotech common stock held. Recently, Spencer Capital, Boston Avenue Capital LLC and Heartland Advisors, Inc., collective owners of approximately 24% of Osteotech outstanding common stock, called the company’s leadership into question through comments on Osteotech’s second quarter 2010 financial results, stating that they were “extremely skeptical” of the Osteotech’s board of directors’ “efforts to explore strategic alternatives to maximize shareholder value.”
Kendall Law Group was founded by a former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, investigation, Kendall Law Group, law firm, Lawsuit, litigation, MDT, Medtronic Inc., Merger, NASDAQ: OSTE, OSTE, Osteotech Inc, Securities, share, shareholder, stock, stockholder, unfair
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Tuesday, August 17th, 2010
Kendall Law Group, a national securities firm led by a former federal judge Joe Kendall with attorneys that include a former U.S. Attorney, is investigating ICx Technologies, Inc. (NASDAQ: ICXT) for shareholders in connection with the proposed acquisition by FLIR Systems, Inc. The firm’s investigation seeks to determine whether ICx and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an ICx shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 16, 2010, ICx entered into a definitive merger agreement with FLIR under which ICx would be acquired through a cash tender offer for $7.55 per share, followed by a merger with a subsidiary of FLIR. The deal price is a 12% premium over ICx’s closing price of $6.75 a share on Friday. The agreement contemplates that if available under Delaware law, a “short form” merger would be completed shortly following completion of the tender offer. Under Delaware law, if the acquiring company owns 90% of the target company, minority shareholder approval is not necessary to consummate the merger. Wexford Capital LP, which own approximately 62% of ICx common stock, has agreed to tender all of its shares in the tender offer. Additionally, according to Thompson/First Call, at least one analyst has set a price target of $10.00 per share of ICx common stock.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, ICx Technologies, ICXT, litigation, Merger, NASDAQ: ICXT, Securities, share, shareholder, stock, stockholder, unfair
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Tuesday, August 17th, 2010
Kendall Law Group, led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Pactiv Corp. (NYSE: PTV) for shareholders in connection with the proposed acquisition by Reynolds Group Holdings Limited. The national securities firm’s investigation seeks to determine whether Pactiv and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Pactiv shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 17, 2010 Pactiv announced that it had entered into a definitive merger agreement to be acquired by Reynolds Group Holdings Limited in a transaction valued at approximately $6 billion. Under the terms of the agreement, Pactiv shareholders will receive $33.25 in cash for each share of Pactiv common stock held. Pactiv reported that the offer price represented a “premium of approximately 39 percent over Pactiv’s closing price of $23.97 on May 14, 2010, the last trading day prior to published reports regarding a potential transaction.” While the price of Pactiv shares rose in apparent response to news of a potential acquisition, much of the news being released detailed a potential bidding war between Reynolds, Apollo Global Management, and Georgia-Pacific. The Wall Street Journal reported that Pactiv was initially in buyout talks with the private equity firm Apollo Global Management. Additionally, according to Thompson/First Call, at least one analyst has set a price target of $35.00 per share.
Kendall Law Group was founded by a former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, investigation, litigation, Merger, NYSE: PTV, Pactiv Corp, PTV, Securities, share, shareholder, stock, stockholder, unfair
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Monday, August 16th, 2010
Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating 3PAR, Inc. (NYSE: PAR) for shareholders in connection with the proposed acquisition by Dell Inc. (NASDAQ: DELL). The firm’s investigation seeks to determine whether 3PAR and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a 3PAR shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 16, 2010, Dell announced that it would purchase 3PAR in an all-cash transaction valued at approximately $1.13 billion. Under the terms of the agreement, 3PAR shareholders would be entitled to receive $18.00 per share of 3PAR common stock owned. The transaction has been approved by the boards of both companies and is expected to close this year. Included in the deal is a $53.5 million termination fee, which 3PAR would owe Dell under certain circumstances if the deal were terminated, and a no solicitation agreement.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: 3PAR Inc., acquisition, deal, litigation, Merger, NYSE: PAR, PAR, Securities, shaerholder, share, stock, stockholder, unfair
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Friday, August 13th, 2010
Kendall Law Group, led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Trubion Pharmaceuticals, Inc. (NASDAQ: TRBN) for shareholders in connection with the proposed acquisition by Emergent BioSolutions Inc. The national securities firm’s investigation seeks to determine whether Trubion and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Trubion shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 12, 2010, Trubion announced that it had entered into a definitive merger agreement with Emergent BioSolutions Inc., in which Emergent has agreed to acquire Trubion.. Under the terms of the agreement, each share of Trubion common stock will be converted into the right to receive an upfront payment of $1.365 per share in cash and 0.1641 shares of Emergent stock, reported by the company as a value of $4.55 per share at the time of its announcement. Trubian closing share prices have reached as high $4.50 in late April of this year. In addition, according to Thompson/First Call, at least one analyst has set a price target of $7.00 per share.
Kendall Law Group was founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, Emergent BioSolutions, firm, investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, Merger, NASDAQ: TRBN, Securities, share, shareholder, stock, stockholder, TRBN, Trubion Pharmaceuticals, unfair
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Friday, August 13th, 2010
Kendall Law Group, a national securities firm led by former federal judge Joe Kendall with attorneys that include a former U.S. Attorney, is investigating Unica Corporation (NASDAQ: UNCA) for shareholders in connection with the proposed acquisition by IBM. The firm’s investigation seeks to determine whether Unica and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Unica shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 13, 2010, IBM announced that it has agreed to pruchase Unica for $480 million, or $21 per share. Unica is a recognized leader in marketing software solutions and boasts more than 1,500 customers worldwide. Unica has recently announced contracts with E.Leclerc, France’s leading retail chain with turnover of 27.2 billion Euros in 2009, to power its email marketing initiatives and with PartyGaming, the world’s leading listed online gaming company.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, IBM, investigation, Kendall Law Group, law, law firm, Lawsuit, Merger, NASDAQ: UNCA, Securities, share, shareholder, stock, stockholder, suit, UNCA, unfair, Unica Corporation
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Friday, August 13th, 2010
Kendall Law Group, led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Dynegy Inc. (NYSE: DYN) for shareholders in connection with the proposed acquisition by an affiliate of The Blackstone Group L.P. The national securities firm’s investigation seeks to determine whether Dynegy and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Dynegy shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 13, 2010, Dynegy announced that it has entered into a definitive merger agreement pursuant to which it will be acquired by an affiliate of The Blackstone Group L.P. Under the terms of the agreement, Dynegy stockholders will receive $4.50 in cash for each outstanding share of Dynegy common stock they own. Blackstone has also entered into an agreement with NRG Energy, whereby NRG Energy will acquire assets currently owned by Dynegy for approximately $1.36 billion. The consummation of the merger transaction is contingent upon the concurrent closing of the Blackstone and NRG Energy transaction. Dynegy stock had been trading at above $5.00 per share as recently as mid-June of this year. In addition, according to Thompson/First Call, at least one analyst has set a price target of $7.50 per share.
Kendall Law Group was founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, DYN, Dynegy Inc., firm, law, law firm, Lawsuit, litigation, Merger, NYSE: DYN, Securities, share, shareholder, stock, stockholder, The Blackstone Group, unfair
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Friday, August 13th, 2010
Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Allis-Chalmers Energy, Inc. (NYSE: ALY) for shareholders in connection with the proposed acquisition by Seawell Limited, a subsidiary of SeaDrill Limited. The firm’s investigation seeks to determine whether Allis-Chalmers and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Allis-Chalmers shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 13, 2010 Seawell and Allis-Chalmers announced that their Boards of Directors unanimously approved a definitive merger agreement under which Allis-Chalmers would be acquired by Seawell. Under the terms of the agreement, Allis-Chalmers stockholders will receive either $4.25 in cash or 1.15 Seawell common shares for each share of Allis- Chalmers common stock, subject to proration if more than 35% of the shares elect to receive cash. Seawell stock is currently traded on the NOTC list administered by the Norwegian Securities Dealers Association. Allis-Chalmers stock had a $4.20 closing price as recently as April 29, 2010. Additionally, according to Thompson/First Call, at least one analyst has set a price target of $7 per share.
Kendall Law Group was founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquistion, Allis Chalmers Energy, Allis-Chalmers Energy Inc., ALY, deal, firm, investigation, Kendall Law Group, law, law firm, Lawsuit, litigation, Merger, NYSE: ALY, Securities, shareholder share, stock, stockholder, suit, unfair
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Monday, August 9th, 2010
Kendall Law Group, a national securities firm led by a former federal judge and former U.S. Attorney, is investigating Penwest Pharmaceuticals Co. (NASDAQ: PPCO) for shareholders in connection with the proposed acquisition by Endo Pharmaceuticals Holdings Inc. The firm’s investigation seeks to determine whether Penwest and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Penwest shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 9, 2010, Penwest and Endo announced that they had entered into a merger agreement, under which Endo will commence an all-cash tender offer to acquire 100 percent of the outstanding Penwest common stock for $5.00 per share. The tender offer is expected to be completed in September, 2010 after which Endo will acquire any Penwest shares that are not purchased in the tender offer in a second-step merger at the same price per share paid in the tender offer. The transaction has been unanimously approved by the boards of directors of Penwest and Jennifer Good, Penwest’s President and Chief Executive Officer, has committed to tender her shares in the tender offer.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, Endo Pharmaceuticals, investigation, litigation, Merger, NASDAQ: PPCO, Penwest Pharmaceuticals, PPCO, Securities, share, shareholder, stock, stockholder, unfair
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Monday, August 9th, 2010
Kendall Law Group, a national securities firm led by a former federal judge, with attorneys that include a former U.S. Attorney, is investigating Superior Well Services, Inc. (NASDAQ: SWSI) for shareholders in connection with the proposed acquisition by Nabors Industry, Inc. The firm’s investigation seeks to determine whether Superior Well Services and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Superior shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 9, 2010, announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services through a tender offer and second-step merger. The initial tender offer is for all outstanding shares of Superior common stock at a price of $22.12 per share in cash at a total value of approximately $900 million. Although Gene Isenberg, Nabors’ Chairman and CEO, stated that “Superior Well Services possesses one of the newest fleets in the industry…high quality fleet is operated by a very capable, well managed organization that can quickly become a substantial unit of Nabors,” the transaction represents only an approximately 17% premium over Superior’s August 6 closing price. Superior also released their second quarter 2010 results, noting increased revenue “from the $123.3 million reported in the previous quarter and a 94.5% increase from the $90.5 million reported in the second quarter of 2009” to $176.0 million in the second quarter of 2010. In addition, according to Thompson/First Call, at least one analyst has set a price target of $25.00 per share for Superior stock.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, investigation, Kendall Law Group, law firm, Lawsuit, litigation, Merger, Nabors Industry Inc., NASDAQ: SWSI, Securities, share, shareholder, stock, stockholder, Superior Well Services Inc., SWSI, unfair
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Monday, August 9th, 2010
Kendall Law Group, led by a former federal judge Joe Kendall and a former U.S. Attorney, is investigating Inergy Holdings, L.P. (NYSE: NRGP) for unitholders in connection with the proposed acquisition by Inergy, L.P. The national securities firm’s investigation seeks to determine whether Inergy Holdings and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for unitholders. If you are an Inergy Holdings unitholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 9, 2010, Inergy Holdings and Inergy announced a definitive agreement under which Inergy Holdings would be merged into Inergy. Under the terms of the agreement, Inergy Holdings unitholders will receive 0.77 of Inergy common units in for each common unit of Inergy Holdings owned at closing. The companies reported that the premium offered to Inergy Holdings unitholders was “approximately 10% based upon the 20-trading day average closing prices of both securities ending August 3, 2010”; however, the premium the transaction provides is less than 6 percent when using the August 6 closing prices of both companies. Additionally, according to Thompson/First Call, at least one analyst has set a price target of $35 per unit.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, INergy Holdings LP, Inergy LP, investigation, Kendall Law Group, litigation, Merger, NRGP, NYSE: NRGP, Securities, unfair, unit, unitholder
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Wednesday, August 4th, 2010
Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating ExpressJet Holdings, Inc. (NYSE: XJT) for shareholders in connection with the proposed acquisition by SkyWest, Inc. The firm’s investigation seeks to determine whether ExpressJet and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an ExpressJet shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 4, 2010, SkyWest announced that it had entered into a definitive merger agreement with ExpressJet, whereby Atlantic Southeast, a wholly-owned subsidiary of SkyWest, would acquire all of the outstanding shares of common stock of ExpressJet for $6.75 per share in cash. A new, long-term, capacity purchase agreement between Atlantic Southeast and Continental Airlines is intended to become effective upon consummation of the ExpressJet acquisition. In addition, according to Thompson/First Call, at least two analysts have set a price target of $8.00 per share for ExpressJet stock.
Kendall Law Group was founded by a former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, ExpressJet Holdings, Inc., investigation, Kendall Law Group, law firm, Lawsuit, litigation, Merger, NYSE: XJT, Securities, share, shareholder, stock, stockholder, unfair, XJT
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Monday, August 2nd, 2010
Kendall Law Group, led by a former federal judge and a former U.S. Attorney, is investigating Lance, Inc. (NASDAQ: LNCE) for shareholders in connection with the proposed merger with Snyder’s. The national securities firm’s investigation seeks to determine whether Lance and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Lance shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
Lance and privately held pretzel maker Snyder’s of Hanover recently announced plans to combine in a merger of equals. The deal, which is expected to close this fall, provides Lance holders with a one-time payout of $3.75 in the form of a special cash dividend. The all-stock transaction will divide ownership of the new company, Snyder’s-Lance Inc., with Snyder’s shareholders owning 50.1 percent and Lance shareholders 49.9 owning percent of the combined company.
Kendall Law Group was founded by former federal judge Joe Kendall and includes a former United States Attorney, as well as prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, investigation, Kendall Law Group, Lance Inc., law firm, Lawsuit, litigation, LNCE, Merger, NASDAQ: LNCE, Securities, unfair
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Monday, July 12th, 2010
Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating Hewitt Associates, Inc. (NYSE: HEW) for shareholders in connection with the proposed merger with Aon Corporation. The firm’s investigation seeks to determine whether Hewitt and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Hewitt shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On July 12, 2010, the companies announced that they had entered into an agreement for Hewitt to be acquired by Aon in a transaction valued at approximately $4.9 billion. Under the terms of the agreement, Hewitt shareholders will receive $25.61 in cash and 0.6362 shares of Aon common stock for each share of Hewitt common stock held. According to Thompson/First Call, at least one analyst has set a price target of $55 per share. Following the news of the planned acquisition, Moody’s Investors Service lowered the ratings outlook for Aon to “negative” from “stable.”
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, Aon Corporation, deal, HEW, Hewitt Associates, investigation, Kendall Law Group, law firm, Lawsuit, litigation, Merger, NYSE: HEW, Securities, share, shareholder, stock, stockholder, unfair
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Monday, July 12th, 2010
Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating Playboy Enterprises, Inc. (NYSE: PLA) for shareholders in connection with the proposed management buyout. The firm’s investigation seeks to determine whether Playboy and its Board breached their fiduciary duties by not seeking a deal that would provide better value for shareholders. If you are a Playboy shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On July 12, 2010, Hugh Hefner announced that he is offering to purchase all outstanding shares that he does not own and that he is planning to take the company private. Hefner is offering $5.50 per share in a deal worth approximately $185 million. Friend Finder Network announced plans to place a competing bid with Friend Finder Chief Executive Marc Bell stating that Hefner’s offer “dramatically” undervalues Playboy. Hefner, who owns approximately 70 percent of Playboy’s Class A common stock and 28 percent of its Class B stock, stated in his proposal letter that he is “not interested in any sale or merger of Playboy Enterprises, selling his shares to a third party or entering into discussions with any other financial sponsor for a similar transaction.”
Kendall Law Group was founded by a former federal judge Joe
Kendall and includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, investigation, Kendall Law Group, law firm, Lawsuit, Merger, NYSE: PLA, PLA, Playboy Enterprises, Securities, share, shareholder, stock, stockholder, unfair
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Monday, July 12th, 2010
Kendall Law Group, a national securities firm led by a former federal judge Joe Kendall, is investigating Micrus Endovascular Corp. (NASDAQ: MEND) for shareholders in connection with the proposed acquisition by Johnson & Johnson. The national securities firm’s investigation seeks to determine whether Micrus and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Micrus shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On July 12, 2010, the companies announced that they had entered into an agreement for Micrus to be acquired by Johnson & Johnson in a transaction valued at approximately $480 million. The offer price represents a 5.5% premium for Micrus based on Friday’s $22.19 closing share price. On June 8, 2010, Micrus reported annual increases of $12.89 million in total revenue and $22.58 in net income over the prior year. In addition, according to Thompson/First Call, at least one analyst has set a price target of $25 per share.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, deal, Kendall Law Group, law firm, Lawsuit, litigation, MEND, Merger, Micrus Endovascular Corp., NASDAQ: MEND, Securities, share, shareholder, stock, stockholder, unfair
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Thursday, July 8th, 2010
Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating American Physicians Capital Inc. (NASDAQ: ACAP) for shareholders in connection with the proposed acquisition by The Doctors Company, the largest national insurer of physician and surgeon medical liability. The firm’s investigation seeks to determine whether APCapital and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an APCapital shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On July 8, 2010, the companies announced that they had entered into an agreement for APCapital to be acquired by The Doctors Company in a transaction valued at approximately $386 million. Under the terms of the agreement, APCapital shareholders will receive $41.50 for each share of common stock held in an all-cash transaction. APCaptial Director Joseph Stillwell has significant personal interest in the transaction, as he held 1,191,964 shares (12.52% of all outstanding shares) as of March 31, 2010.
Kendall Law Group was 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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: ACAP, acquisition, American Physicians Capital, deal, investigation, Kendall Law Group, Merger, NASDAQ: ACAP, Securities, share, shareholder, stock, stockholder, The Doctors Company, unfair
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