K-Swiss Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to E.Land World
17 Enero 2013 - 9:31AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of K-Swiss, Inc. (“K-Swiss”)
(Nasdaq: KSWS) to E.Land World Ltd., a South Korean apparel
distribution, for shareholders. Under the terms of the proposed
deal valued at approximately $170 million, K-Swiss shareholders
will only receive $4.75 in cash for each share of K-Swiss stock
owned, which is below at least one analyst’s estimate of $5.60 per
share. The merger is expected to close in the second quarter of
2013.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, please contact Willie Briscoe
at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at
WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
The K-Swiss sale investigation centers on whether K-Swiss’
shareholders are receiving adequate compensation for their shares
in the buyout, whether the transaction undervalues K-Swiss’ stock,
and whether K-Swiss’ board attempted to obtain the highest share
price for all shareholders prior to agreeing to the deal. Notably,
at least one analyst with Yahoo! Finance has estimated that the
true inherent value of K-Swiss could be as high as $5.60 per share,
well above the proposed sale price. Shareholder rights attorney
Willie Briscoe stated that “due to the proposed sale price, the
size of the deal and other factors, we believe this transaction may
undervalue K-Swiss’ stock. Our proposed lawsuit will seek to obtain
the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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