Harwood Feffer LLP Announces Investigation of Kensey Nash Corp.
NEW YORK, May 3, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Kensey Nash Corp. ("Kensey Nash" or the "Company") (NASDAQ: KNSY) concerning the proposed acquisition of the Company by Royal DSM N.V. ("Royal DSM") in a transaction valued at approximately $360 million.
On May 3, 2012, it was announced that Kensey Nash and Royal DSM have entered into a definitive agreement pursuant to which Royal DSM will acquire Kensey Nash. Under the agreement, Kensey Nash shareholders will receive $38.50 per share in cash.
Our investigation concerns whether the Kensey Nash board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Kensey Nash shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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