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All are not happy with K2 Jarden merger
 Poster: A snowHead
Poster: A snowHead

A merger between K2 and Jarden Corporation took place on April 24th. Last week, it was announced that K2 and members of K2’s board of directors (including two executive officers) had been named as defendants in a putative shareholder class action lawsuit concerning the sale of K2. The lawsuit was filed in California Superior Court for the County of San Diego. It alleges that K2’s directors breached their fiduciary duties in approving the proposed merger, and that the consideration payable to K2’s shareholders in the merger is unfair and inadequate....The plaintiff is asking that the transaction contemplated in the merger agreement be enjoined or, if the merger is completed, that it be rescinded.

K2 believes the lawsuit is without merit and intends to respond accordingly.

From: http://3w.skipressworld.com/news_detail.php?id=8666&regionId=1&languageId=1&section=news&type=news&mode=read&filter=&sort=
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