KINDRED BIOSCIENCES ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of KIN and Encourages Investors to Contact the Firm

NEW YORK, June 16, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Kindred Biosciences, Inc. (NASDAQ: KIN) (“KindredBio”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Elanco Animal Health Incorporated (NYSE: ELAN).

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On June 16, 2021, KindredBio announced that it had signed an agreement to merge with Elanco for approximately $440 million. Pursuant to the merger agreement, KindredBio stockholders will receive $9.25 in cash for each share of KindredBio common stock owned. The deal is scheduled to close in the third quarter of 2021.

Bragar Eagel & Squire is concerned that KindredBio’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for KindredBio’s stockholders.

If you own shares of KindredBio and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com

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