Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Kensey Nash Corp. (“Kensey Nash” or the “Company”) (NASDAQ: KNSY) related to the proposed acquisition of the Company by Royal DSM. The transaction is valued at approximately $360 million. This investigation concerns whether the Board of Directors of Kensey Nash breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $18.51 on December 19, 2011 to $30.20 on March 19, 2012. If you are a shareholder of Kensey Nash, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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.