Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of I-Flow Corporation
09 Octubre 2009 - 2:39PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
I-Flow Corporation (“I-Flow” or the “Company”) (Nasdaq:IFLO),
related to the Company’s agreement to be acquired by Kimberly-Clark
Corporation (“Kimberly-Clark”) in an all-cash transaction valued at
approximately $276 million.
Under the terms of the definitive agreement entered into by the
parties, Kimberly-Clark will commence a tender offer to purchase
all outstanding shares of I-Flow at $12.65 per share. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law related to approval of the
transaction by the I-Flow board of directors.
If you own shares of I-Flow Corporation, if you have information
or would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com.
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