Law Office of Brodsky & Smith, LLC Announces Investigation of KBW, Inc.
BALA CYNWYD, Pa. -- November 10, 2012
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of KBW, Inc. (“KBW” or the
“Company”) (NYSE: KBW) relating to the proposed acquisition by Stifel
Financial Corp. (“Stifel”).
Under the terms of the transaction, KBW shareholders will receive only $10.00
in cash and $7.50 per share in Stifel common stock for each share of KBW stock
they own. The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of KBW for not acting
in the Company’s shareholders' best interests in connection with the sale
process to Stifel. The transaction may undervalue the Company and result in a
substantial loss for many KBW shareholders. For example KBW stock traded at
$29.02 on February 16, 2011 and $19.17 as recently as March 26, 2012. In
addition, an analyst has set a price target for KBW stock at $22.00 per share.
If you own shares of KBW stock and wish to discuss the legal ramifications of
the proposed transaction, or have any questions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky,
Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/498-kbw-kbw-inc.html, by calling toll free
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
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