Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of I-Flow Corporation
09 Ottobre 2009 - 7:10PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
I-Flow Corporation. (“I-Flow” or the “Company”) (Nasdaq:IFLO)
relating to the proposed acquisition Kimberly-Clark Corporation
(“Kimberly-Clark Corporation”). Kimberly-Clark has agreed to
acquire I-Flow in an all-cash deal valued at approximately $276
million.
Under the proposed agreement, I-Flow shareholders will receive
$12.65 for every share of I-Flow common stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law related to the I-Flow board’s
approval of the proposed merger. The transaction appears to be
unfair, in part, given that I-Flow stock was trading at $12.45 a
share as recently as October 5, 2009 and $12.14 on September 28,
2009.
If you own shares of I-Flow and wish to discuss the legal
ramifications of the proposed acquisition by Kimberly-Clark, or
have any questions, you may e-mail or call the law office of
Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
clients@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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