Kensey Nash Corporation Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Royal DSM
May 3, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Kensey Nash Corporation (“Kensey Nash” or the “Company”) (NASDAQ: KNSY) breached its fiduciary duty to its shareholders in agreeing to sell Kensey Nash to Royal DSM.
Under the terms of the agreement, Kensey Nash shareholders will receive $38.50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Kensey Nash shareholders and the process by which the Kensey Nash Board of Directors considered and approved the transaction.
Bernstein Liebhard 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 nine years.