Kendall Law Group, led by former federal judge Joe Kendall, is investigating The Timberland Company (NYSE: TBL) (“Timberland”) for shareholders in connection with the proposed acquisition of the company by VF Corporation (“VF”). The national securities firm’s investigation seeks to determine whether Timberland and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide the best value for shareholders. If you are a Timberland shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org.
On June 13, 2011, the companies announced the definitive merger agreement under which Timberland would be acquired by VF in a transaction valued at approximately $2 billion. Under the terms of the agreement, Timberland stockholders will receive $43.00 per share. While Timberland may negotiate any unsolicited competing offers, the merger contains a no-shop provision as well as an $87.2 million termination fee paid to VF if Timberland cancels the deal. The firm’s investigation seeks to determine whether Timberland and its Board undertook a fair process in negotiating the deal.
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.