NEW YORK, Sept. 11, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Kaydon Corporation ("Kaydon" or the "Company") (NYSE: KDN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to AB SKF.
Under the terms of the proposed transaction, Kaydon shareholders will receive $35.50 for each share of Kaydon stock they own. The investigation concerns whether the Kaydon Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether AB SKF is underpaying for Kaydon shares.
If you own Kaydon common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/kaydon-kdn/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com