Kendall Law Group, led by former federal judge Joe Kendall, is investigating Ceradyne Inc. (NASDAQ: CRDN) for shareholders in connection with the proposed acquisition by 3M. The national securities firm’s investigation seeks to determine whether Ceradyne and its Board of Directors breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Ceradyne 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 October 1, 2012, the companies announced the definitive merger agreement under which Ceradyne would be acquired by 3M, in a transaction valued at approximately $860 million. Under the terms of the agreement, Ceradyne stockholders will receive $35 in cash for each share of Ceradyne/CRDN common stock held. The firm’s investigation seeks to determine whether Ceradyne and its Board of Directors 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.