Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Young Innovations, Inc. Sha
Dec 5th 2012 2:46PM
Updated Dec 5th 2012 2:52PM
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Young Innovations, Inc. Shareholders
NEW YORK--(BUSINESS WIRE)-- Kirby McInerney LLP is investigating potential claims against the Board of Directors of Young Innovations, Inc. (YDNT) related to the proposed acquisition of the Company by an affiliate of Linden Capital Partners, a Chicago-based private equity firm. Under the terms of the agreement, Linden will acquire all outstanding shares of Young Innovations for $39.50 per share. The agreement was unanimously approved by Young Innovations' Board of Directors, and values the company at approximately $314 million.
The investigation concerns whether the Young Innovations Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $39.50 per share consideration adequately values Young Innovations common stock. The offer price represents a mere 12.5% premium to the thirty day average closing price of shares before the transaction was announced, but shares have traded above the offer price as recently as September, and the closing price on the day the offer was announced reached $39.79.
If you are a Young Innovations (YDNT) shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or by telephone at (212) 699-1145 or (888) 529-4787.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmslaw.com.
Kirby McInerney LLP
J. Brandon Walker, Esq.
(212) 699-1145 or (888) 529-4787
KEYWORDS: United States North America New York
The article Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Young Innovations, Inc. Shareholders originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.