Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the officers and members of the Board of Directors of K-Tron International, Inc. ("K-Tron") (NASDAQ-GS: KTII) in connection with their actions in causing K-Tron to enter into a definitive merger agreement with Hillenbrand, Inc. ("Hillenbrand") (NYSE: HI). Under the terms of the merger agreement, K-Tron shareholders will receive $150 per K-Tron share in cash. The deal is expected to close at the end of March 2010. Upon completion of the acquisition, K-Tron will operate as a wholly-owned subsidiary of Hillenbrand.

Robbins Umeda LLP's investigation concerns whether K-Tron's Board of Directors' acceptance and recommendation of Hillenbrand's offer was fair and designed to secure the best possible price for all K-Tron shareholders.

If you are a shareholder of K-Tron, and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Advertisement

K Tron (NASDAQ:KTII)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more K Tron Charts.
K Tron (NASDAQ:KTII)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more K Tron Charts.