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businesswire

Kendall Law Group Announces Shareholder Investigation into I-Flow Corporation


  • Press Release
  • Source: Kendall Law Group
  • On 1:09 pm EDT, Thursday October 15, 2009

DALLAS--(BUSINESS WIRE)--Kendall Law Group, led by a former federal judge, announces an investigation on behalf of I-Flow Corporation shareholders (NASDAQ: IFLO - News) in connection with an agreement to sell the company to Kimberley-Clark.

Related Quotes

SymbolPriceChange
IFLO12.640.00
Chart for I-Flow Corporation
{"s" : "iflo","k" : "c10,l10,p20,t10","o" : "","j" : ""}

The firm is investigating whether the board of directors of I-Flow breached their fiduciary duties and committed other violations of state law by not seeking a better deal for the shareholders. On October 9, 2009, Kimberley Clark announced that it would acquire I-Flow in an all cash offer valued at approximately $276 million. According to the agreement, I-Flow shareholders will receive $12.65 in cash per share of I-Flow common stock. I-Flow stock was trading $12.45 per share as recently as October 5, 2009.

Kendall Law Group has nationwide experience representing investors in mergers and acquisitions. For information about your rights as an I-Flow shareholder, or if you have any information about this transaction, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

Contact:

Kendall Law Group, LLP
Hamilton Lindley, 214-744-3000
877-744-3728 Toll Free
214-744-3015 Fax
hlindley@kendalllawgroup.com
www.kendalllawgroup.com

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