SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf
of Investors of K-Swiss Inc. -KSWS
NEW YORK, Jan. 18, 2013 /PRNewswire/ -- Pomerantz
Grossman Hufford Dahlstrom & Gross LLP is investigating claims
on behalf of investors of K-Swiss, Inc. ("K-Swiss" or the
"Company") (NASDAQ: KSWS) (ISIN: US4826861027) (CUSIP: 482686102)
concerning the proposed acquisition of K-Swiss by E.Land World Ltd.
in a transaction valued at approximately $170 million in cash.
The investigation concerns whether the K-Swiss directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of
the agreement, K-Swiss shareholders will be entitled to receive
$4.75 per share in cash for each
share of K-Swiss common stock. However, the price multiple to
total assets and book value are below those of comparable
transactions, and is below wall street analyst target price of
$5.60 per share.
K-Swiss shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders
for the following companies: Arbitron Inc., Net1 Ueps Technologies,
Inc., Hi-Crush Partners LP, Intermec, Inc., SandRidge Energy, Inc.,
Abiomed, Inc., Universal Technical Institute, and Clearwire
Corporation, Ameristar Casinos, Inc.
The Pomerantz Firm, with offices in New York, Chicago and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
SOURCE Pomerantz Grossman Hufford
Dahlstrom & Gross LLP