Law Firm Brower Piven Announces Investigation of K-Swiss, Inc.
18 Enero 2013 - 4:38PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of K-Swiss, Inc.
(“K-Swiss” or the “Company”) (Nasdaq: KSWS) and other violations of
state law by the board of directors of K-Swiss relating to the
proposed acquisition of the Company by E-Land World Limited. The
firm’s investigation seeks to determine, among other things,
whether the board of directors of K-Swiss breached their fiduciary
duties by failing to maximize shareholder value.
Under the terms of the proposed transaction, K-Swiss
shareholders will receive $4.75 in cash for each share of common
stock they own. The transaction is currently being valued at $170
million. According to Yahoo! Finance, the median and high analyst
price target is $5.60 per K-Swiss share.
If you currently own common stock of K-Swiss and would like to
learn more about the investigation being conducted by Brower Piven,
you may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
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