This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Investor Alert - Buyout Of KKR Financial - Shareholder Rights Law Firm Seeks Higher Price For Shareholders Of KKR Financial

Stocks in this article: KFN KKR





NEW YORK, Dec. 17, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading securities and shareholder rights law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duty by the Board of Directors of KKR Financial Holdings LLC ("KKR Financial" or the "Company") (NYSE: KFN) concerning the proposed merger of the Company with Kohlberg Kravis Roberts & Co. L.P. ("KKR & Co.") (NYSE: KKR) in an all-stock transaction. The investigation is also evaluating whether KKR & Co. aided and abetted such breaches of fiduciary duty.



Under the terms of the proposed transaction, the Company's shareholders will receive 0.51 KKR & Co. shares for each of the Company's shares they own. The total value for the Company is estimated at approximately $2.6 billion. The Company was spun off by KKR & Co. approximately 9 years ago, and several members of management of KKR & Co. and the Company have significant longstanding ties to one another. KKR & Co. already manages the Company's assets, and by assuming total control of the Company, KKR & Co. expects to immediately increase its book value, to the possible detriment of the Company's shareholders.

The investigation seeks to determine, among other things, whether the Company's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed merger with KKR & Co. and the overall fairness of the process by which the Company's Directors considered and approved the transaction.  The investigation further seeks to determine wither the board acted for their own self-interests.

If you are a shareholder of KKR Financial and would like additional information regarding this matter, at no cost or expense, please contact us at:Tripp Levy PLLC New York, New YorkToll free: 1-877-772-3975Email: contact@tripplevy.com  www.tripplevy.com

Tripp Levy PLLC is a leading securities and shareholder rights law firm that has extensive experience in mergers and takeovers, and has assisted in the recovery of millions of dollars for shareholders around the globe.  Attorney advertising.  Prior results do not indicate a similar outcome.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs