BALA CYNWYD, Pa., May 7, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Kensey Nash
Corporation. ("Kensey Nash" or the
"Company") (Nasdaq: KNSY) relating to the proposed acquisition by
Royal DSM N.V. ("Royal") (NYSE Euronext: DSM KON).
Under the terms of the transaction, Kensey Nash shareholders would receive only
$38.50 in cash for each share of
Kensey Nash stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of
Kensey Nash for not acting in the
Company's shareholders' best interests in connection with the sale
process to Royal. The transaction may undervalue Kensey Nash as an analyst has set a price target
for Kensey Nash stock at
$39.00 per share. In addition,
Kensey Nash reported operating
results for the third quarter of fiscal year 2012 that beat analyst
expectations. The company reported both a substantial increase in
revenue and net sales for the third quarter of 2012 compared to the
third quarter of 2011.
If you own shares of Kensey Nash
stock and wish to discuss the legal ramifications of the proposed
transaction, or have any questions, you may e-mail or call the law
office of Brodsky & Smith, LLC who will, without obligation or
cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky
& Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/423-knsy-kensey-nash-corporation.html, or
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC