K-Swiss (KSWS) Merger Shareholder Lawsuit

K-Swiss (KSWS) merger summary

K-Swiss announced that it had entered into an agreement to be acquired by E.Land World Ltd., a South Korean fashion and retail company.  The K-Swiss merger values K-Swiss at approximately $170 million.  K-Swiss shareholders will only receive $4.75 in cash for each share of K-Swiss stock owned.  The merger is expected to close in the second quarter of 2013. 

K-Swiss (KSWS) merger disclosure raises questions for KSWS shareholders

Is $4.75  per share fair value for K-Swiss shareholders?  $4.75 is well below at least one analyst’s estimate of $5.60 per share. 

Have K-Swiss board members complied with all duties owed to K-Swiss shareholders?  

Has the K-Swiss board of directors properly shopped the company to all possible suitors?

K-Swiss (KSWS) merger shareholder investigation

We are investigating whether the proposed transaction is fair to K-Swiss shareholders.  Te investigation concerns whether KSWS’s board of directors’ process for consideration of the proposed transaction was adequate, whether K-Swiss is acting in its shareholders’ best interests and whether the proposed share price to be paid to K-Swiss shareholders is fair and adequate. 
If you own the common stock of K-Swiss and if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please fill out the contact form on this web page or call Attorney George Pressly at Morgan & Morgan toll free at 1 (800) 631-6234.

Entity Name: 
K-Swiss Inc.
Stock Symbol: 
KSWS

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