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Kendall Law Group Investigates Salary.com, Inc. Acquisition for Shareholders

  //science-technology.news-articles.net/content/2 .. salary-com-inc-acquisition-for-shareholders.html
  Published in Science and Technology on Wednesday, September 1st 2010 at 8:50 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Salary.com, Inc. (NASDAQ: SLRY) for shareholders in connection with the proposed acquisition by Kenexa Corporation. The national securities firm is investigating whether a fair process was used prior to entering into the merger agreement and whether the Board of Directors breached their fiduciary duties by not seeking a deal that would provide better value for the shareholders. If you are a Salary.com shareholder and would like additional information about your rights, you are urged to contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On September 1, 2010 the companies announced that they have entered into a definitive merger agreement under which Salary.com would be acquired by Kenexa in a transaction valued at approximately $80 million. Under the terms of the agreement, Salary.com stockholders will receive $4.07 in cash for each share of Salary.com/SLRY common stock held. The firma™s investigation seeks to determine if the transaction is properly valuing the company.

Kendall Law Group, founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States.