Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating the acquisition of Kaydon Corporation
(“Kaydon”) (NYSE: KDN) by AB SKF for shareholders. Under the terms of
the proposed merger, valued at approximately $1.25 billion, Kaydon
shareholders will only receive $35.50 in cash for each share of Kaydon
stock owned.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607 or via
e-mail at shareholder@powerstaylor.com.
There is no cost or fee to you.
The investigation into the Kaydon sale is focused on whether minority
shareholders are receiving adequate compensation for their shares in the
deal, whether the transaction properly values Kaydon stock, and whether
Kaydon’s board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal.
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Copyright Business Wire 2013