Science & Technology
Science and TechnologyScience and Technology 
Mon, August 15, 2011
Kendall Law Group Investigates Motorola Mobility Holdings Inc.
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Motorola Mobility Holdings Inc. (NYSE: MMI) for shareholders in connection with the proposed acquisition by Google Inc. The national securities firma™s investigation seeks to determine whether Motorola Mobility and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Motorola Mobility shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ investor@kendalllawgroup.com ].
On August 15, 2011, the companies announced the definitive merger agreement under which Motorola Mobility would be acquired by Google, in a transaction valued at approximately $12.5 billion. Under the terms of the agreement, Motorola Mobility stockholders will receive $40.00 in cash for each share of Motorola Mobility/MMI common stock held. According to Thompson/First Call, analysts have set a price target as high as $42.00 per share for Motorola Mobilitya™s stock. The firma™s investigation seeks to determine whether Motorola Mobility and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.