Kendall Law Group Investigates Salary.com, Inc. Acquisition for Shareholders
01 Septiembre 2010 - 10:36AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Salary.com, Inc. (NASDAQ: SLRY) for shareholders in
connection with the proposed acquisition by Kenexa Corporation. The
national securities firm is investigating whether a fair process
was used prior to entering into the merger agreement and whether
the Board of Directors breached their fiduciary duties by not
seeking a deal that would provide better value for the
shareholders. If you are a Salary.com shareholder and would like
additional information about your rights, you are urged to contact
the Kendall Law Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On September 1, 2010 the companies announced that they have
entered into a definitive merger agreement under which Salary.com
would be acquired by Kenexa in a transaction valued at
approximately $80 million. Under the terms of the agreement,
Salary.com stockholders will receive $4.07 in cash for each share
of Salary.com/SLRY common stock held. The firm’s investigation
seeks to determine if the transaction is properly valuing the
company.
Kendall Law Group, founded by former federal judge Joe Kendall,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. Since leaving the bench and returning to trial work,
Mr. Kendall has had tremendous success at the prosecution of
patent, consumer and securities class action litigation either as
lead, co-lead or liaison counsel. The firm has been counsel in many
merger and acquisition cases nationwide, including some of the
largest transactions in the United States.
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