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if you purchased shares of the Kaydon Corporation (NYSE:KDN) and currently hold any of those NYSE:KDN shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
October 15, 2013 (Shareholders Foundation) - An investor, who currently hold shares of Kaydon Corporation (NYSE:KDN), filed a lawsuit in effort to halt the proposed takeover of Kaydon Corporation by AB SKF for $35.50 per NYSE:KDN share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:KDN stockholders arising out of the attempt to sell Kaydon Corporation too cheaply via an unfair process to AB SKF.
On September 5, 2013 Kaydon Corporation and AB SKF announced that they signed an agreement under which AB SKF will acquire Kaydon Corporation for $35.50 per share in an all-cash transaction that values Kaydon Corporation at approximately $1.25 billion, including debt.
However, the plaintiff claims that the offer is too low and undervalues the plaintiff claims that the offer is too low and undervalues. Indeed, at least one analyst has set the high target price for NYSE:DN shares at $36.00 per share.