Rigrodsky & Long, P.A. Announces Investigation Of Kaydon Corporation Buyout
WILMINGTON, Del. -- September 6, 2013
Rigrodsky & Long, P.A.:
*Do you own shares of Kaydon Corporation (NYSE: KDN)?
*Did you purchase any of your shares prior to September 5, 2013?
*Do you think the proposed buyout price is too low?
*Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Kaydon Corporation (“Kaydon” or the
“Company”) (NYSE: KDN) regarding possible breaches of fiduciary duties and
other violations of law related to the Company’s entry into an agreement to be
acquired by AB SKF (“SKF”) in a transaction valued at approximately $1.25
billion, including debt.
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Under the terms of the agreement, public shareholders of Kaydon will receive
$35.50 per share in cash for each share of Kaydon they own.
The investigation concerns whether Kaydon’s board of directors failed to
adequately shop the Company and obtain the best possible value for Kaydon’s
shareholders before entering into an agreement with SKF.
If you own the common stock of Kaydon and purchased your shares before
September 5, 2013, if you have information or would like to learn more about
these claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long,
P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
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