(KRA): Johnson Fistel Investigates Proposed Sale of Kraton Corp; Is $46.50 a Fair Price?

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Sep 27, 2021, 14:57 ET

SAN DIEGO, Sept. 27, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Kraton Corporation (NYSE: KRA) ("Kraton" or the "Company") breached their fiduciary duties in connection with the proposed sale of the Company to DL Chemical Co. Ltd. ("DL Chemical").

On September 27, 2021, Kraton announced that it had agreed to be acquired by DL Chemical Co. Ltd. in an all-cash deal with an enterprise value of about $2.5 billion. Under the terms of the agreement, Kraton shareholders will receive $46.50 in cash for each share owned.

The investigation concerns whether the Kraton board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Kraton shares of common stock. Nationally recognized, Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst had a $60.00 price target on the stock.

If you are a shareholder of Kraton and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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SOURCE Johnson Fistel, LLP