Kendall Law Group, founded by a former federal judge, is investigating
the proposed acquisition of Allied Defense Group Inc. (AMEX: ADG) by
Chemring Group PLC to determine whether the consideration to be paid to
shareholders in this transaction is unfair and substantially below the
fair or inherent value of Allied. The firm is also investigating whether
the Board of Directors may have breached their fiduciary duties by not
adequately shopping the Company before entering into the transaction.
On January 19, 2010, Allied announced that they had reached an agreement
for Chemring to acquire the Company in a $59 million transaction.
According to the agreement, shareholders will receive $7.25 in cash per
ADG share owned, which represents a 54% premium over the $4.71 closing
price of Allied on the last trading day before the announcement.
If you are a current holder of ADG and would like additional information
concerning this proposed transaction, including your rights, contact
Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Kendall Law Group has substantial experience representing investors in
mergers and acquisitions nationwide. Lawyers at the firm include a
former United States Attorney, federal judicial law clerk, a former
state and federal judge, in addition to experienced securities lawyers.