Kendall Law Group Investigates COMSYS IT Partners, Inc. on Behalf of Shareholders
02 Février 2010 - 7:39PM
Business Wire
Kendall Law Group, founded by a former federal judge, is
investigating the proposed acquisition of COMSYS IT Partners, Inc.
(NASDAQ: CITP) by Manpower Inc. in a $431 million transaction
expected to close mid-March 2010. The investigation concerns
whether the consideration to be paid to shareholders in this
transaction is unfair and substantially below the fair or inherent
value of the company. Also, the investigation will focus on whether
the Board of Directors of COMSYS may have breached their fiduciary
duties by not adequately shopping the Company before entering into
the transaction.
Manpower announced today that they have entered into an
agreement to acquire COMSYS, which has already been approved by
board of directors for both companies. According to the agreement,
shareholders will receive a value of $17.65 per share of COMSYS
stock owned, which represents a 33% premium over the $13.23 closing
price on February 1 before the agreement was announced.
Shareholders will have the option to accept all cash or a fraction
of Manpower stock.
If you are a current holder of CITP and would like additional
information concerning this proposed transaction, including your
rights, contact Hamilton Lindley at 877-744-3728 or by email at
hlindley@kendalllawgroup.com. Kendall Law Group has substantial
experience representing investors in mergers and acquisitions
nationwide. Lawyers at the firm include a former United States
Attorney, federal judicial law clerk, a former state and federal
judge, in addition to experienced securities lawyers.
Comsys IT Partners (NASDAQ:CITP)
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