NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Kendle International, Inc. (Nasdaq: KNDL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to INC Research, LLC. Under the terms of the deal, Kendle shareholders will receive $15.25 per share of Kendle stock they own for a total transaction value of approximately $232 million.
The investigation concerns whether the Kendle Board of Directors breached their fiduciary duties to Kendle stockholders by failing to adequately shop the Company before entering into this transaction and whether INC Research, LLC is underpaying for Kendle shares, thus unlawfully harming Kendle stockholders. According to Thomson/First Call, at least one analyst set a price target for Kendle stock at $18.00 per share and Kendle reported a book value of $15.46 per share for the most recent quarter.
If you own common stock in Kendle and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/kendle-international.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.