Pomerantz Law Firm Investigates Claims on Behalf of Investors of KBW, Inc.
NEW YORK--(BUSINESS WIRE)-- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of KBW, Inc. ("KBW" or the "Company") (NYS: KBW) (ISIN: US4824231009) concerning the proposed acquisition of KBW by Stifel Financial Corp. in a cash and stock transaction valued in excess of $575 million.
The investigation concerns whether the KBW directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, KBW shareholders would receive $10.00 in cash and $7.50 in Stifel Financial Corp. common stock for each share of KBW common stock, for a total of $17.50 per KBW common share. However, at least one analyst set a target price for KBW of $22.00 per share. The proposed acquisition also represents a mere 7.4% premium over KBW's closing price as of November 2, 2012, the last day of trading before the proposed acquisition was announced.
KBW shareholders seeking more information about this acquisition are advised to contact Samuel J. Adams at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 300.
The Pomerantz Firm, with offices in New York, Chicago and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
Samuel J. Adams, 212-661-1100, ext. 300
KEYWORDS: United States North America New York
The article Pomerantz Law Firm Investigates Claims on Behalf of Investors of KBW, Inc. originally appeared on Fool.com.
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