Kendall Law Group, led by former federal judge Joe Kendall, is investigating International Coal Group Inc. (NYSE: ICO) for shareholders in connection with the proposed acquisition by Arch Coal, Inc. The national securities firm′s investigation seeks to determine whether International Coal Group 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 an International Coal Group shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On May 2, 2011, the companies announced the definitive merger agreement under which International Coal Group would be acquired by Arch Coal, in a transaction valued at approximately $3.4 billion. Under the terms of the agreement, International Coal Group stockholders will receive $14.60 in cash for each share of International Coal Group/ICO common stock held. The firm′s investigation seeks to determine whether International Coal Group 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.
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