Robbins Umeda LLP Announces an Investigation of SFN Group, Inc.
22 Juillet 2011 - 12:37AM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm has
commenced an investigation into possible breaches of fiduciary duty
and other violations of state law by members of the board of
directors of SFN Group, Inc. (NYSE: SFN) in connection with their
efforts to sell the company to Randstad Holding nv (Euronext
Amsterdam: RAND.AS).
If you own stock in SFN Group and want more information about
your shareholder rights, please contact attorney Gregory E. Del
Gaizo via telephone at 800-350-6003 or shareholder information form
on Robbins Umeda LLP's website.
On July 20, 2011, SFN Group announced that it had entered into a
definitive merger agreement pursuant to which Randstad will acquire
all outstanding shares of the company's common stock via a cash
tender offer for $14.00 per share. The transaction is expected to
close as soon as September 2011.
Robbins Umeda LLP's investigation focuses on whether SFN Group's
board of directors is undertaking a fair process to obtain maximum
value and adequately compensate shareholders. Recently, SFN Group
has traded higher than the offer price. In fact, on April 6, 2011,
SFN Group traded as high as $15.39, and on April 26, 2011 as high
as $14.21. Additionally, several leading analysts have issued
target prices that value SFN Group's stock between $15.00 to
$17.00, all higher than Randstad's offer price.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
firm's skilled litigation teams include former federal prosecutors,
former defense counsel from top multinational corporate law firms,
and career shareholder rights attorneys. Robbins Umeda LLP has
helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. For more
information, please go to http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/sfn-group/
Attorney Advertising. Past results do not guarantee a similar
outcome.
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