Morgan & Morgan Announces Investigation of K-Swiss, Inc. (NASDAQ: KSWS)
NEW YORK, Jan. 25, 2013 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the board of directors of K-Swiss, Inc. ("K-Swiss")(Nasdaq: KSWS) concerning the proposed sale of K-Swiss to E.Land World Ltd., a South Korean fashion and retail company.
If you are a current shareholder of K-Swiss and are interested in learning more about our K-Swiss merger investigation, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at email@example.com.
Under the terms of the proposed deal valued at approximately $170 million, K-Swiss shareholders will only receive $4.75 in cash for each share of K-Swiss stock owned, which is below at least one analyst's estimate of $5.60 per share. The merger is expected to close in the second quarter of 2013.
Our investigation concerns whether K-Swiss Board of Directors has breached its fiduciary duties to act in the best interests of K-Swiss shareholders and to take all necessary steps to ensure that K-Swiss shareholders receive the maximum value readily available for their shares of K-Swiss common stock.
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