Kendall Law Group Announces Shareholder Investigation into I-Flow Corporation
15 Outubro 2009 - 2:09PM
Business Wire
Kendall Law Group, led by a former federal judge, announces an
investigation on behalf of I-Flow Corporation shareholders (NASDAQ:
IFLO) in connection with an agreement to sell the company to
Kimberley-Clark.
The firm is investigating whether the board of directors of
I-Flow breached their fiduciary duties and committed other
violations of state law by not seeking a better deal for the
shareholders. On October 9, 2009, Kimberley Clark announced that it
would acquire I-Flow in an all cash offer valued at approximately
$276 million. According to the agreement, I-Flow shareholders will
receive $12.65 in cash per share of I-Flow common stock. I-Flow
stock was trading $12.45 per share as recently as October 5,
2009.
Kendall Law Group has nationwide experience representing
investors in mergers and acquisitions. For information about your
rights as an I-Flow shareholder, or if you have any information
about this transaction, contact attorney Hamilton Lindley at
877-744-3728 or by email at hlindley@kendalllawgroup.com.
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