Kendall Law Group Investigates LaBranche & Co Inc. for Shareholders
18 February 2011 - 1:49AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating LaBranche & Co Inc. (NYSE:LAB) for shareholders
in connection with the proposed acquisition by Cowen Group, Inc.
The national securities firm’s investigation seeks to determine
whether LaBranche 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
LaBranche shareholder and would like additional information about
your rights, contact the Kendall Law Group at 877-744-3728 or by
email at skendall@kendalllawgroup.com.
On February 17, 2011, the companies announced the definitive
merger agreement under which LaBranche would be acquired by Cowen
Group, in a transaction valued at approximately $192.8 million.
Under the terms of the agreement, LaBranche stockholders will
receive 0.9980 of a share of Cowen Class A common stock, worth
$4.71 as of Wednesday’s closing price, for each outstanding share
of LaBranche/LAB common stock held. The firm’s investigation seeks
to determine whether LaBranche and its Board negotiated a deal that
provides the best value available to shareholders.
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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