The Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Kensey Nash Corporation In Connection With The Sale Of The Company To Royal DSM N.V.
Levi & Korsinsky is investigating the Board of Directors of Kensey Nash
Corporation (“Kensey Nash” or the “Company”) (NASDAQ GS: KNSY) for
possible breaches of fiduciary duty and other violations...
Levi & Korsinsky is investigating the Board of Directors of Kensey Nash Corporation (“Kensey Nash” or the “Company”) (NASDAQ GS: KNSY) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Royal DSM N.V. (“DSM”) (NYSE Euronext: DSM KON). Under the terms of the agreement, Kensey Nash shareholders will receive $38.50 for each share of Kensey Nash stock they own. The transaction has a total approximate value of $360 million. Click here to learn how to join the action: http://www.zlk.com/kensey-nash-knsy, or call: 877-363-5972. There is no cost or obligation to you. The investigation concerns whether the Kensey Nash Board of Directors breached their fiduciary duties to Kensey Nash stockholders by failing to adequately shop the Company before entering into this transaction and whether DSM is underpaying for Kensey Nash shares, thus unlawfully harming Kensey Nash stockholders. If you own common stock in Kensey Nash and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Kensey Nash Corporation (Nasdaq:KNSY) hit a new 52-week high Monday as it is currently trading at $38.50, above its previous 52-week high of $38.49 with 28,430 shares traded as of 10:13 a.m. ET. Average volume has been 96,800 shares over the past 30 days.
Shares of Kensey Nash Corporation (Nasdaq:KNSY) were gapping up Thursday morning with an open price 32.3% higher than Wednesday's closing price. The stock closed at $29.01 yesterday and opened today's trading at $38.37.