I-Flow Merger Litigation (NASDAQ: IFLO)
Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of I-Flow Corporation.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of I-Flow Corporation. (“I-Flow” or the “Company”) (Nasdaq: IFLO – News) relating to the proposed acquisition Kimberly-Clark Corporation (“Kimberly-Clark Corporation”). Kimberly-Clark has agreed to acquire I-Flow in an all-cash deal valued at approximately $276 million.
Under the proposed agreement, I-Flow shareholders will receive $12.65 for every share of I-Flow common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the I-Flow board’s approval of the proposed merger. The transaction appears to be unfair, in part, given that I-Flow stock was trading at $12.45 a share as recently as October 5, 2009 and $12.14 on September 28, 2009.
If you own shares of I-Flow and wish to discuss the legal ramifications of the proposed acquisition by Kimberly-Clark, 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 clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
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