Kirby McInerney LLP is investigating potential claims against the Board of Directors of KKR Financial Holdings LLC (“KKR Financial” or the “Company”) (NYSE: KFN) concerning the proposed acquisition of the Company by Kohlberg Kravis Roberts & Co. L.P. (“Kohlberg”) (NYSE: KKR). Under the terms of the proposed transaction, KKR Financial stockholders will receive 0.51 common units of Kohlberg, or $12.79 per share based on Kohlberg’s closing price of $25.08 on December 16, 2013, for each share of KKR Financial owned, valuing the transaction at approximately $2.6 billion.
The investigation concerns whether the KKR Financial Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values KKR Financial’s common stock.
If you are a KKR Financial stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.