KAYDON SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Kaydon Corporation (KD
KAYDON SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Kaydon Corporation (KDN) Over the Proposed Sale of the Company to AB SKF
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors ofKaydon Corporation
NEW YORK--(BUSINESS WIRE)-- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Kaydon Corporation ("Kaydon" or the "Company") (NYS: KDN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to AB SKF (SKFB) in a cash deal valued at approximately $1.25 billion. Under the terms of the proposed transaction, Kaydon's stockholders will receive $35.50 for each share of Kaydon common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $36.00 for Kaydon.
Request more information now by clicking here:www.faruqilaw.com/KDN.There is no cost or obligation to you.
The investigation focuses on whether Kaydon's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Kaydon's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.
If you own common stock in Kaydon and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/KDN or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: 877-247-4292
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