Kaydon Corporation SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Kaydon Corporation In Connection With The Sale Of The Company To AB SKF
Levi & Korsinsky is investigating the Board of Directors of Kaydon
Corporation (“Kaydon” or the “Company”) (NYSE:KDN) for possible breaches
of fiduciary duty and other violations of state law in...
Levi & Korsinsky is investigating the Board of Directors of Kaydon Corporation (“Kaydon” or the “Company”) (NYSE:KDN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to AB SKF. Click here to learn more about the investigation http://zlk.9nl.com/kaydon-kdn/, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the proposed transaction, Kaydon shareholders will receive $35.50 for each share of Kaydon stock they own. The investigation concerns whether the Kaydon 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 AB SKF is underpaying for Kaydon shares. If you own Kaydon common stock 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 visit http://zlk.9nl.com/kaydon-kdn/. Levi & Korsinsky is a national firm with offices in New York, New Jersey 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. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Kaydon Corporation (NYSE:KDN) hit a new 52-week low Friday as it is currently trading at $20.58, below its previous 52-week low of $20.67 with 8,657 shares traded as of 9:33 a.m. ET. Average volume has been 359,900 shares over the past 30 days.