Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Kensey Nash Corporation (“Kensey Nash” or “KNSY”) (NASDAQ: KNSY) to Royal DSM for shareholders. Under the proposed purchase agreement, Kensey Nash shareholders will receive only $38.50 in cash for each share of Kensey Nash stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation centers on whether Kensey Nash shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Kensey Nash stock, and whether Kensey Nash’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Based on a $12.6 million termination fee and other preclusive deal measures that the firms believe may prevent the possibility of a superior offer being made for the shareholders, the firms are investigating whether the acquisition price is fair and adequate for Kensey Nash shareholders.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.