Kendall Square Research Inc says that its settlement with suing shareholders has now been approved by the court, in revised form: the plaintiffs will now receive $5.05m, down from $5.35m previously announced, and will get 5.6m new shares, up from 3.5m shares, and warrants to buy 1.875m shares at $3.375 a share the plan had […]
Kendall Square Research Inc says that its settlement with suing shareholders has now been approved by the court, in revised form: the plaintiffs will now receive $5.05m, down from $5.35m previously announced, and will get 5.6m new shares, up from 3.5m shares, and warrants to buy 1.875m shares at $3.375 a share the plan had been for warrants to buy 1.5m shares at $4.50 a share; its survival depends on the settlement, because its major investor, chairman William Koch, has said he won’t invest any more money if it’s threatened by holder suits.
