Wolf Haldenstein Investigates I-Flow Corporation Proposed Acquisition
09 Octubre 2009 - 10:38AM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of I-Flow Corporation
(“I-Flow”) [NASDAQ:IFLO] arising out of the proposed acquisition of
I-Flow by Kimberly-Clark Corporation (“Kimberly-Clark”).
On Friday, October 9, 2009, Kimberly-Clark announced that it
would acquire I-Flow in an all cash offer. Under the terms of the
agreement, I-Flow stockholders will receive cash of $12.65 in
exchange for each share of I-Flow common stock. However, the
Company may not have adequately shopped itself around before
entering into this transaction and, pursuant to this proposed
transaction, Kimberly-Clark may be underpaying for I-Flow, thus
unlawfully harming I-Flow shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own I-Flow common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Gustavo Bruckner or Derek Behnke
Wolf Haldenstein Adler Freeman
& Herz LLP
270 Madison Avenue New York, New York 10016
Phone Numbers:
(800) 575-0735
(212) 545-4600
Email:
bruckner@whafh.com
Classmember@whafh.com
Website:
http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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