Buyout of K-Sea Transportation Prompts Shareholder Claims Investigation by Goldfarb Branham Law Firm LLP

Goldfarb Branham LLP is investigating whether the board of K-Sea Transportation Partners LP (NYSE: KSP) violated shareholder protection laws in connection with the proposed acquisition by Kirby for $8.15 per share or a combination of $4.075 per share in cash and 0.0734 shares of Kirby. If you are a K-Sea shareholder or have information about this buyout, contact the Hamilton Lindley at 877-583-2855 or by email at hlindley@goldfarbbranham.com.

"This offer appears to be undervalued because K-Sea traded at $10.12 in the past year and has a book value of $11.77 per share,” said securities lawyer Hamilton Lindley. "Our proposed class action lawsuit seeks to ensure that the directors properly shopped the company, maximized value to the shareholders and disclosed full and fair information about the transaction.”

Goldfarb Branham’s lawyers have significant experience representing individual and institutional investors in over 100 shareholder class action cases. A firm securities lawyer, Hamilton Lindley, can be reached at hlindley@goldfarbbranham.com or 877-583-2855 to discuss the impact of this buyout on K-sea shareholders.