House & Home
Wed, January 30, 2013Tue, January 29, 2013Mon, January 28, 2013Fri, January 25, 2013Thu, January 24, 2013Wed, January 23, 2013Tue, January 22, 2013Morgan & Morgan Announces Investigation of K-Swiss, Inc. (NASDAQ: KSWS)
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Published in House and Home on Friday, January 25th 2013 at 8:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
Morgan & Morgan Announces Investigation of K-Swiss, Inc. (NASDAQ: KSWS) -- NEW YORK, Jan. 25, 2013 /PRNewswire/ --
NEW YORK, Jan. 25, 2013 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the board of directors of K-Swiss, Inc. ("K-Swiss")(Nasdaq: [ KSWS ]) concerning the proposed sale of K-Swiss to E.Land World Ltd., a South Korean fashion and retail company.
If you are a current shareholder of K-Swiss and are interested in learning more about our [ K-Swiss merger investigation ], please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at [ info@morgansecuritieslaw.com ].
Under the terms of the proposed deal valued at approximately $170 million, K-Swiss shareholders will only receive $4.75 in cash for each share of K-Swiss stock owned, which is below at least one analyst's estimate of $5.60 per share. The merger is expected to close in the second quarter of 2013.
Our investigation concerns whether K-Swiss Board of Directors has breached its fiduciary duties to act in the best interests of K-Swiss shareholders and to take all necessary steps to ensure that K-Swiss shareholders receive the maximum value readily available for their shares of K-Swiss common stock.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to [ securities fraud ], the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
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Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
[ info@morgansecuritieslaw.com ]
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