NEW YORK, Dec. 18, 2013 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of KKR Financial Holdings LLC ("KFN" or the "Company") (NYSE: KFN) breached its fiduciary duty to its shareholders in agreeing to sell KFN to KKR & Co. L.P. (NYSE: KKR).
Under the terms of the agreement, KFN shareholders will receive 0.51 common units of KKR for each common share of KFN they own. The investigation is focused on the potential unfairness of the price to KFN shareholders and the process by which the KFN Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a KFN stockholder, with no obligation or cost to you, please contact Joseph R. Seidman, Jr. at:
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last eleven years.
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SOURCE Bernstein Liebhard LLP