WILMINGTON, Del., Dec 30, 2013 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of KKR Financial Holdings LLC (NYSE: KFN)?
- Did you purchase any of your shares prior to December 16, 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 KKR Financial Holdings LLC ("KFN" or the "Company") (NYSE: KFN) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by KKR & Co. L.P. ("KKR") (NYSE: KKR) in a transaction valued at approximately $2.6 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/kkr-financial-holdings-llc-kfn.
Under the terms of the agreement, public shareholders of KFN will receive 0.51 common units of KKR for each share of KFN they own. Based on KKR's closing stock price on December 16, 2013, KFN shareholders would have received consideration valued at approximately $12.79 per share.
The investigation concerns whether KFN's board of directors failed to adequately shop the Company and obtain the best possible value for KFN's shareholders before entering into an agreement with KKR.
If you own the common stock of KFN and purchased your shares before December 16, 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 D. Rigrodsky or Gina M. Serra 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 email@example.com, or at: http://www.rigrodskylong.com/investigations/kkr-financial-holdings-llc-kfn.
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 States.
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SOURCE Rigrodsky & Long, P.A.