Kendall Law Group Investigates McCormick & Schmick's Seafood Restaurants Inc.
09 November 2011 - 4:43AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating McCormick & Schmick's Seafood Restaurants Inc.
(NASDAQ: MSSR) for shareholders in connection with the proposed
acquisition by Landry's Inc. The national securities firm’s
investigation seeks to determine whether McCormick & Schmick
and its Board breached their fiduciary duties by entering into the
agreement without properly shopping for a deal that would provide
better value for shareholders. If you are a McCormick & Schmick
shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at investor@kendalllawgroup.com.
On November 8, 2011, the companies announced the definitive
merger agreement under which McCormick & Schmick would be
acquired by Landry's, in a transaction valued at approximately $132
million. Under the terms of the agreement, McCormick & Schmick
stockholders will receive $8.75 in cash for each share of McCormick
& Schmick/MSSR common stock held. Earlier this year, McCormick
& Schmick adopted a "poison pill" measure to block a hostile
takeover after rejecting a $9.25 share offer from Landry’s. The
firm’s investigation seeks to determine whether McCormick &
Schmick and its Board undertook a fair process in negotiating the
deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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