13.07.2011 13:09:00
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Tripp Levy PLLC Announces Investigation of Kinetic Concepts
Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Kinetic Concepts, Inc. (NYSE: KCI) by a consortium of investors including Apax Partners, Canada Pension Plan Investment Board and the Public Section Pension Investment Board for $68.50 per share in cash.
James Leininger, founder of KCE and chairman emeritus, who holds approx. 11% of KCI’s shares has agreed to vote his shares in favor of the transaction. The investigation concerns, among other things, whether the consideration to be paid to KCI shareholders is unfair, inadequate, and substantially below the fair or inherent value of KCI. Indeed, analysts have projected that the true going forward inherent value of KCI is at least $70 per share. The investigation further concerns whether the board of directors of KCI may have breached their fiduciary duties by not acting in KCI shareholders' best interests in connection with the sale process of KCI.
If you own KCI common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
Tripp Levy |
Tripp Levy PLLC |
125 East 82nd Street |
9th Floor |
New York, New York |
Toll Free: 877-772-3975 |
Email: contact@tripplevy.com |
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
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