Rigrodsky & Long, P.A.:
-
Do you own shares of Kaydon Corporation (NYSE: KDN)?
-
Did you purchase any of your shares prior to September 5, 2013?
-
Do you think the proposed buyout price is too low?
-
Do you want to discuss your rights?
Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Kaydon Corporation (“Kaydon” or
the “Company”) (NYSE: KDN)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
AB SKF (“SKF”) in a transaction valued at approximately $1.25 billion,
including debt.
Click here to learn more: http://www.rigrodskylong.com/investigations/kaydon-corporation-kdn.
Under the terms of the agreement, public shareholders of Kaydon will
receive $35.50 per share in cash for each share of Kaydon they own.
The investigation concerns whether Kaydon’s board of directors failed to
adequately shop the Company and obtain the best possible value for
Kaydon’s shareholders before entering into an agreement with SKF.
If you own the common stock of Kaydon and purchased your shares before
September 5, 2013, if you have information or would like to learn more
about these claims, 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 Seth Rigrodsky or Peter Allocco
at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden
City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com,
or at: http://www.rigrodskylong.com/investigations/kaydon-corporation-kdn.
Rigrodsky
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Copyright Business Wire 2013