PR Newswire
MILWAUKEE, Sept. 27, 2021
MILWAUKEE, Sept. 27, 2021 /PRNewswire/ -- Ademi LLP is investigating Kraton (NYSE: KRA), for possible breaches of fiduciary duty and other violations of law in its transaction with DL Holdings.
Click here to learn how to join the action: https://www.ademilaw.com/case/kraton-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Kraton's financial outlook and prospects are excellent and yet Kraton shareholders will receive only $46.50 in cash for each share of Kraton common stock they own in an all-cash transaction implying an enterprise value of approximately $2.5 billion. The merger agreement unreasonably limits competing bids for Kraton by prohibiting solicitation of further bids, and imposing a significant penalty of $63 million if Kraton accepts a superior bid. Kraton insiders will receive substantial benefits as part of change of control arrangements. We are investigating the conduct of Kraton's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Kraton.
If you own Kraton common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/kraton-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
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