Kendall Law Group Investigates Warner Music Group Corp. Acquisition for Shareholders
09 Mayo 2011 - 9:35AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Warner Music Group Corp. (NYSE: WMG) for shareholders
in connection with the proposed acquisition by Access Industries.
The national securities firm’s investigation seeks to determine
whether Warner Music Group and its Board breached their fiduciary
duties by entering into the agreement without properly shopping for
a deal that would provide better value for shareholders. If you are
a Warner Music Group shareholder and would like additional
information about your rights, contact the Kendall Law Group at
877-744-3728 or by email at skendall@kendalllawgroup.com.
On May 6, 2011, the companies announced the definitive merger
agreement under which Warner Music Group would be acquired by
Access Industries, in a transaction valued at approximately $1.3
billion. Under the terms of the agreement, Warner Music Group
stockholders will receive $8.25 in cash for each share of Warner
Music Group/WMG common stock held. Edgar Bronfman Jr., Warner Music
Group chairman and CEO, is reportedly “close” to Len Blavatnik, the
controlling investor behind Access Industries and a former director
of Warner Music Group. The firm’s investigation seeks to determine
whether Warner Music Group and its Board undertook a fair process
in negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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