Science & Technology
Mon, August 27, 2012 
DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale of [ Kenexa Corporation ] (aKenexaa) (NYSE: KNXA) to International Business MachinesCorporation for shareholders. Under the proposed transaction, Kenexa/KNXA shareholders will only receive $46.00 in cash per share of KNXA stock owned.
"Because of the lack of a significant premium to the shareholders, and other factors, we believe that the transaction may undervalue Kenexa stock. Our lawsuit will seek to obtain the highest share price for all shareholders."
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The definitive merger agreement involves a transaction with a total equity value of approximately $1.3 billion and is expected to close in the fourth quarter of 2012.
The investigation centers on whether Kenexa shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Kenexa stock, and whether Kenexaas board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, aBecause of the lack of a significant premium to the shareholders, and other factors, we believe that the transaction may undervalue Kenexa stock. Our lawsuit will seek to obtain the highest share price for all shareholders.a
[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
