Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Kendle International Inc., in Connection ...
May 09 2011 - 8:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Kendle International, Inc. (“Kendle” or the “Company”) (NASDAQ:
KNDL) related to the Company’s agreement to be acquired by INC
Research, LLC (“INC Research”). The proposed all-cash transaction
is valued at approximately $232 million.
Under the terms of the definitive merger agreement entered into
by the parties, Kendle shareholders will receive $15.25 in cash for
each share they own of the Company’s stock. The transaction is
expected to be completed in the third quarter of 2011. The proposed
transaction was unanimously approved by the Company’s board of
directors. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the proposed transaction by Kendle’s board of directors.
If you are a shareholder of Kendle, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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