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SOURCE Rigrodsky & Long, P.A.
WILMINGTON, Del., Sept. 10, 2013 /PRNewswire/ -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Kaydon Corporation ("Kaydon" or the "Company") (NYSE: KDN) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by AB SKF ("SKF") in a transaction valued at approximately $1.25 billion, including debt.
Click here to learn more: http://www.rigrodskylong.com/investigations/kaydon-corporation-kdn.
Under the terms of the agreement, public shareholders of Kaydon will receive $35.50 per share in cash for each share of Kaydon they own.
The investigation concerns whether Kaydon's board of directors failed to adequately shop the Company and obtain the best possible value for Kaydon's shareholders before entering into an agreement with SKF.
If you own the common stock of Kaydon and purchased your shares before September 5, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/kaydon-corporation-kdn.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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