INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of iKang Healthcare Group, Inc. and Encourages Shareholders to Contact the Firm for Additional Information
IKANG HEALTH CARE GROUP (KANG)
US:NASDAQ Investor Relations:
ir.ikang.com
Company Research
Source: Business Wire
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of iKang Healthcare Group, Inc. (Nasdaq: KANG) (“iKang” or the “Company”) relating to the proposed buyout of iKang by a consortium of entities led by CEO and Chairman Lee Ligang Zhang and Vice Chairman of the Board Boquan He. Under the terms of the agreement, iKang shareholders are anticipated to receive US $41.20 per Class A or Class C common share and US $20.60 per American depositary share for each share of iKang common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition
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