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Kendall Law Group Investigates M&F Worldwide Corporation

2011-06-14 13:33 ET - News Release


Company Website: http://www.kendalllawgroup.com
DALLAS -- (Business Wire)

Kendall Law Group, led by former federal judge Joe Kendall, is investigating M&F Worldwide Corporation (NYSE: MFW) for shareholders in connection with the proposed acquisition of the company by MacAndrew & Forbes Holdings, Inc. (“MacAndrew”). The national securities firm’s investigation seeks to determine whether M&F and its Board breached their fiduciary duties related to an offer by MacAndrew to enter into an agreement to take M&F private without properly shopping for a deal that would provide the best value for shareholders. If you are shareholder of M&F and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On June 13, 2011, it was announced that MacAndrew, which is controlled by billionaire Ron Perelman, has made an offer to acquire all outstanding shares of M&F for $24.00. MacAndrew currently owns approximately 43% of M&F. While the offer price is a premium over the closing price just before the deal was announced, M&F stock closed higher than the offer price as recently as May 5, 2011. After the announcement, M&F shares shot up over 41% to close at $24.06 on Monday. Barrons.com columnist, Andrew Bary, reported that “Wall Street seems to agree that Perelman may have to increase his offer to win approval from a special committee of independent directors and from half of the public holders who now hold 57% of M&F stock.” The firm’s investigation seeks to determine whether M&F and its Board is undertaking a fair process in negotiating the proposed deal and if the consideration being offered to shareholders is adequate.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

Contacts:

Kendall Law Group LLP
Scott Kendall, 214-744-3000
877-744-3728 Toll Free
214-744-3015 Facsimile
skendall@kendalllawgroup.com
www.kendalllawgroup.com

Source: Kendall Law Group

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