NEW YORK, Dec. 24, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of KKR Financial Holdings LLC ("KKR Financial" or "the Company") (NYSE:KFN) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Kohlberg Kravis Roberts & Co. LP ("KKR & Co.") (NYSE:KKR). A complaint was filed in California state court.
Click here to learn more about the action http://zlk.9nl.com/kkr-financial-kfn/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, KKR Financial shareholders will receive 0.51 KKR & Co. shares for each share of KKR Financial stock they own. The transaction has a total approximate value of $2.6 billion. The claims concern whether the KKR Financial Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether KKR &Co. is underpaying for KKR Financial shares. Members of KKR Financial and KKR & Co. management have longstanding ties to one another, and KKR & Co. already manages KKR Financial's assets.
If you own KKR Financial common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/kkr-financial-kfn/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.