Kensey Nash Corp. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg...
May 03 2012 - 11:08AM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
Kensey Nash Corp. (“Kensey Nash” or the “Company”) (NASDAQ: KNSY)
related to the proposed acquisition of the Company by Royal DSM.
The transaction is valued at approximately $360 million.
This investigation concerns whether the Board of Directors of
Kensey Nash breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its
share price has skyrocketed from $18.51 on December 19, 2011 to
$30.20 on March 19, 2012.
If you are a shareholder of Kensey Nash, if you have information
or would like to learn more about our investigation, 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 Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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