INVESTOR ALERT Levi & Korsinsky, LLP Notifies Investors of KKR FINANCIAL HOLDINGS LLC of Claims of Breaches of Fiduciary Duty...
16 Gennaio 2014 - 6:57PM
Business Wire
Levi & Korsinsky notifies investors of KKR Financial
Holdings LLC (“KKR Financial” or “the Company”) (NYSE: KFN) of
claims of breaches of fiduciary duty and other violations of state
law against the board of directors of the Company in connection
with the sale of the Company to Kohlberg Kravis Roberts & Co.
LP (“KKR & Co.”) (NYSE: KKR). A complaint was filed in Delaware
state court.
Click here to learn more about the action
http://zlk.9nl.com/kkr-financial-kfn/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, KKR Financial shareholders will
receive 0.51 KKR & Co. shares for each share of KKR Financial
stock they own. The transaction has a total approximate value of
$2.6 billion. The claims concern whether the KKR Financial Board of
Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into this transaction, and whether KKR &Co. is underpaying for
KKR Financial shares. Members of KKR Financial and KKR & Co.
management have longstanding ties to one another, and KKR & Co.
already manages KKR Financial’s assets.
If you own KKR Financial common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/kkr-financial-kfn/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com
Levi & Korsinsky, LLPJoseph E. Levi, Esq.(212) 363-7500,
toll-free: (877) 363-5972jlevi@zlk.com
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