NEW YORK, Jan. 13, 2010 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of K-Tron International, Inc. ("K-Tron" or the "Company") (Nasdaq:KTII) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Hillenbrand, Inc. ("Hillenbrand") (NYSE:HI). Under the terms of the deal, K-Tron shareholders will receive $150.00 in cash for each share of K-Tron they own for a total transaction value of approximately $435 million.
The investigation concerns whether the K-Tron Board of Directors breached their fiduciary duties to K-Tron stockholders by failing to adequately shop the Company before entering into this transaction and whether Hillenbrand is underpaying for K-Tron shares, thus unlawfully harming K-Tron stockholders.
If you own common stock in K-Tron and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/ktii1.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. (212) 363-7500 Fax: (212) 363-7171 www.zlk.com 30 Broad Street - 15th Floor New York, NY 10004