Levi & Korsinsky is investigating the Board of Directors of KKR Financial Holdings LLC (“KKR Financial” or “the Company”) (NYSE: KFN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kohlberg Kravis Roberts & Co. LP (“KKR & Co.”) (NYSE: KKR).
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Under the terms of transaction, KKR Financial shareholders will receive 0.51 KKR & Co. shares for each share of KKR Financial stock they own. The transaction has a total approximate value of $2.6 billion. The investigation concerns whether the KKR Financial Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether KKR &Co. is underpaying for KKR Financial shares. Members of KKR Financial and KKR & Co. management have longstanding ties to one another, and KKR & Co. already manages KKR Financial’s assets.
If you own KKR Financial common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
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