CORRECTING and REPLACING Kendall Law Group Investigates Zenith National Insurance Corp. Merger for Shareholders
19 Febbraio 2010 - 9:57PM
Business Wire
Second graph, second sentence should read: According to the
agreement, shareholders will receive $38.00 in cash per ZNT share
owned, which represents a 31.4% premium over the closing price of
Zenith on the 17th (sted According to the agreement, shareholders
will receive $38.00 in cash per PRPX share owned, which represents
a 31.4% premium over the closing price of Zenith on the 17th).
The corrected release reads:
KENDALL LAW GROUP INVESTIGATES ZENITH NATIONAL INSURANCE
CORP. MERGER FOR SHAREHOLDERS
Kendall Law Group, a national securities litigation firm, is
investigating Zenith National Insurance Corp. (NYSE:ZNT) for
shareholders. The firm is investigating whether Zenith properly
shopped the Company prior to entering into an agreement to sell the
Company to Fairfax Financial Holdings Limited. This possible breach
of fiduciary duty may have kept Zenith from reaching deal that
would provide better compensation to shareholders. If you are a ZNT
shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at hlindley@kendalllawgroup.com.
On February 18, 2010, the Companies announced that they had
entered into an agreement for Fairfax to acquire Zenith in a $1.4
billion transaction expected to close before the end of the second
quarter 2010. According to the agreement, shareholders will receive
$38.00 in cash per ZNT share owned, which represents a 31.4%
premium over the closing price of Zenith on the 17th.
Kendall Law Group has been counsel in dozens of merger and
acquisition cases nationwide, including some of the largest
transactions in the United States. The firm is founded by a former
federal judge, includes a former United States Attorney,
prosecutors and securities lawyers who are experienced in complex
securities litigation.
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