Ryan & Maniskas, LLP Announces Investigation of K-SEA Transportation Partners LP
15 Marzo 2011 - 8:36AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/ksp) is
investigating potential claims against the board of directors of
K-SEA Transportation Partners LP ("K-SEA" or the "Company") (NYSE:
KSP) concerning possible breaches of fiduciary duty and other
violations of law related to the Company’s efforts to sell K-SEA to
Kirby Corporation in a transaction valued at approximately $335
million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all unitholders of K-SEA. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/ksp.
Under the terms of the definitive agreement, K-SEA’s common
unitholders will have the right to receive either $8.15 in cash, or
a combination of $4.075 in cash plus 0.0734 shares of Kirby
Corporation common stock for each K-SEA common unit they own.
If you own shares of K-SEA and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/ksp. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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