Posts Tagged ‘Merger’
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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Friday, February 19th, 2010
(DALLAS) Kendall Law Group, a national securities litigation firm, is investigating Zenith National Insurance Corp. (NYSE:ZNT) for shareholders. The firm is investigating whether Zenith properly shopped the Company prior to entering into an agreement to sell the Company to Fairfax Financial Holdings Limited. This possible breach of fiduciary duty may have kept Zenith from reaching deal that would provide better compensation to shareholders. If you are a ZNT 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 18, 2010, the Companies announced that they had entered into an agreement for Fairfax to acquire Zenith in a $1.4 billion transaction expected to close before the end of the second quarter 2010. According to the agreement, shareholders will receive $38.00 in cash per ZNT share owned, which represents a 31.4% premium over the closing price of Zenith on the 17th.
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: investigation, Kendall Law Group, Merger, NYSE:ZNT, shareholder, Zenith, Zenith National Insurance Corp, ZNT
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Friday, February 19th, 2010
(DALLAS) Kendall Law Group, a national securities litigation firm, is investigating the merger of Portec Rail Products, Inc. (NASDAQ:PRPX) with L.B. Foster Company. The firm is investigating whether Portec’s Board of Directors may have breached their fiduciary duties by entering into an agreement without seeking other deals that may have better represented the value of the company. If you are a PRPX 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 17, 2010, Portec and L.B. Foster announced that they had entered into an agreement for L.B. Foster to acquire Portec in a transaction expected to close before the end of the second quarter 2010. According to the agreement, shareholders will receive $11.71 in cash per PRPX share owned. This represents only 4% premium over the $11.23 closing price on February 16th before the deal was announced.
Kendall Law Group, 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: investigation, Kendall Law Group, Merger, NASDAQ:PRPX, Portec Rail Products Inc, PRPX, 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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