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Jan. 18, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of K-Swiss, Inc. ("K-Swiss" or the "Company") (NASDAQ: KSWS) (ISIN: US4826861027) (CUSIP: 482686102) concerning the proposed acquisition of K-Swiss by E.Land World Ltd. in a transaction valued at approximately
$170 million in cash.
The investigation concerns whether the K-Swiss directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, K-Swiss shareholders will be entitled to receive
$4.75 per share in cash for each share of K-Swiss common stock. However, the price multiple to total assets and book value are below those of comparable transactions, and is below wall street analyst target price of
$5.60 per share.
K-Swiss shareholders seeking more information about this acquisition are advised to contact
Robert Willoughby at
email@example.com or 212-661-1100 or 888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders for the following companies: Arbitron Inc., Net1 Ueps Technologies, Inc., Hi-Crush Partners LP, Intermec, Inc., SandRidge Energy, Inc., Abiomed, Inc., Universal Technical Institute, and Clearwire Corporation, Ameristar Casinos, Inc.
The Pomerantz Firm, with offices in
San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See