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KTII K-Tron International (MM)

150.01
0.00 (0.00%)
29 May 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 01:00:00

Robbins Umeda LLP Announces an Investigation of the Acquisition of K-Tron International, Inc. by Hillenbrand, Inc.

26/01/2010 9:05pm

Business Wire


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Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the officers and members of the Board of Directors of K-Tron International, Inc. ("K-Tron") (NASDAQ-GS: KTII) in connection with their actions in causing K-Tron to enter into a definitive merger agreement with Hillenbrand, Inc. ("Hillenbrand") (NYSE: HI). Under the terms of the merger agreement, K-Tron shareholders will receive $150 per K-Tron share in cash. The deal is expected to close at the end of March 2010. Upon completion of the acquisition, K-Tron will operate as a wholly-owned subsidiary of Hillenbrand.

Robbins Umeda LLP's investigation concerns whether K-Tron's Board of Directors' acceptance and recommendation of Hillenbrand's offer was fair and designed to secure the best possible price for all K-Tron shareholders.

If you are a shareholder of K-Tron, and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

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