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KTII K-Tron International (MM)

150.01
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
K-Tron International (MM) NASDAQ:KTII NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 150.01 0 00:00:00

Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of K-Tron International, Inc. - KTII

11/01/2010 4:20pm

Business Wire


K Tron (NASDAQ:KTII)
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Levi & Korsinsky is investigating the Board of Directors of K-Tron International, Inc. (“K-Tron” or the “Company”) (NasdaqGS: KTII) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Hillenbrand, Inc. ("Hillenbrand") (NYSE: HI). Under the terms of the deal, K-Tron shareholders will receive $150.00 in cash for each share of K-Tron they own for a total transaction value of approximately $435 million.

The investigation concerns whether the K-Tron Board of Directors breached their fiduciary duties to K-Tron stockholders by failing to adequately shop the Company before entering into this transaction and whether Hillenbrand is underpaying for K-Tron shares, thus unlawfully harming K-Tron stockholders.

If you own common stock in K-Tron and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/ktii1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

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