BALA CYNWYD, Pa., Sept. 7, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Kenexa Corporation ("Kenexa" or the "Company") (NYSE: KNXA) relating to the proposed acquisition by IBM Corporation. ("IBM").
Under the terms of the transaction, Kenexa shareholders will receive only $46.00 in cash for each share of Kenexa stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Kenexa for not acting in the Company's shareholders' best interests in connection with the sale process to IBM. Specifically, the investigation is into if conflicts of interests may have played a role in the sale as it has been reported that Company's CEO will make approximately $56 million dollars from the sale of the Kenexa.?
If you own shares of Kenexa stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.? You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/473-knxa-kenexa-corp.html, or by calling toll free 877-LEGAL-90.
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SOURCE Brodsky & Smith, LLC
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