Law Firm Kirby McInerney LLP Investigating Potential Claims On Behalf Of Kaydon Corporation Shareholders
Kirby McInerney LLP is investigating potential claims against the Board
of Directors of Kaydon Corporation (“Kaydon” or the “Company”) (NYSE:
KDN) related to the proposed acquisition of the Company by...
Kirby McInerney LLP is investigating potential claims against the Board of Directors of Kaydon Corporation (“Kaydon” or the “Company”) (NYSE: KDN) related to the proposed acquisition of the Company by AB SKF. Under the terms of the transaction, Kaydon shareholders will receive $35.50 cash for each share of Kaydon stock they own, valuing the transaction at approximately $1.25 billion. The investigation concerns whether Kaydon’s Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed consideration adequately values Kaydon’s common shares. At least one analyst has set a price target of $36.00 per share and the shares traded at over $38.00 in 2012. If you are a shareholder of Kaydon Corporation and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at email@example.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
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.