Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Kensey Nash Corporation (“Kensey Nash” or the “Company”) (NASDAQ: KNSY) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Royal DSM, the global Life Sciences and Materials Sciences company, in an all-cash deal valued at about $360 million. Under the terms of the proposed transaction, Kensey Nash’s stockholders will receive $38.50 in cash for each share of Kensey Nash’s common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $39.00 for Kensey Nash. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote. Request more information now by clicking here: www.faruqilaw.com/KNSY. There is no cost or obligation to you. Whether Kensey Nash’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Kensey Nash’s shares and by how much this proposed transaction undervalues the Company to the detriment of Kensey Nash’s shareholders are the key focus of this investigation. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in Kensey Nash and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/KNSY or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
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.