This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Barrett Johnston, LLC Announces Investigation Of KBW Inc.

NASHVILLE, Tenn., Nov. 8, 2012 /PRNewswire/ -- Barrett Johnston, LLC is investigating the Board of Directors of KBW Inc. ("KBW" or the "Company") (NYSE: KBW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Stifel Financial ("Stifel"). Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, KBW shareholders will only receive $17.50 per share, comprised of $10.00 per share in cash and $7.50 per share in Stifel common stock.

Our investigation concerns whether the transaction may undervalue the Company and result in a substantial loss for many KBW shareholders. For example KBW stock traded at $19.17 as recently as March 26, 2012. Multiple analysts have set price targets higher than the $17.50 offer price with at least one analyst from Sidoti & Company setting a price target for KBW stock at $22.00 per share.  Additionally, as recently as September of this year one publication listed KBW as one of three financial stocks with low dept and projected for growth.

If you own shares of KBW, 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 Timothy L. Miles, Esquire, of Barrett Johnston, LLC, 217 Second Avenue, North, Nashville, TN 37201 by telephone at (615) 244-2202, Toll Free at (866) 263-0668, or by email to tmiles@barrettjohnston.com, or visit our website at http://www.barrettjohnston.com.

THIS IS AN ADVERTISEMENT.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs