N🟁N

Kendall Law Group Investigates American Italian Pasta Co. Merger for Shareholders

  //house-home.news-articles.net/content/2010/06/2 .. an-italian-pasta-co-merger-for-shareholders.html
  Published in House and Home on Tuesday, June 22nd 2010 at 9:01 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating American Italian Pasta Co. (NASDAQ: AIPC) for shareholders in connection with the proposed merger with Ralcorp Holdings Inc. The national securities firma™s investigation seeks to determine whether AIPC and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an AIPC shareholder and would like additional information about your rights, you are encouraged contact the Kendall Law Group at 877-744-3728 or by email at [ jmckey@kendalllawgroup.com ].

On June 21, 2010, the companies announced that they had entered into an agreement for AIPC to be acquired by Ralcorp in a transaction valued at approximately $1.2 billion. Under the terms of the agreement, Ralcorp will acquire all outstanding shares of AIPC common stock for $53.00 per share. In addition, all directors and officers of AIPC will continue in their current roles in the surviving corporation. According to Thompson/First Call, at least one analyst has set a price target of $60 per share.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench to return to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has also been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.