Law Office of Brodsky & Smith, LLC Announces Investigation of Kensey Nash Corporation
12 Mai 2012 - 5:00PM
Business Wire
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.
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