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Sat, March 12, 2011
Fri, March 11, 2011
Kendall Law Group Investigates RC2 Corporation Acquisition for Shareholders
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating RC2 Corporation (NASDAQ: RCRC) for shareholders in connection with the proposed acquisition by Tomy Company Ltd. The national securities firma™s investigation seeks to determine whether RC2 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 a RC2 shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].
On March 10, 2011, the companies announced the definitive merger agreement under which RC2 would be acquired by Tomy, in a transaction valued at approximately $640 million. Under the terms of the agreement, RC2 stockholders will receive $27.90 in cash for each share of RC2/RCRC common stock held. The transaction is setup as an all-cash tender offer and second-step merger. According to Thompson/First Call, analysts have set a price target as high as $29.00 per share for RC2 stock. The firma™s investigation seeks to determine whether RC2 and its Board negotiated a deal that provides the best value available to shareholders.
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. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.