The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of SFN Group, Inc.
22 Juillet 2011 - 8:29PM
Business Wire
The acquisition of SFN Group, Inc. (“SFN Group” or “SFN”) (NYSE:
SFN) by Randstad Holding nv (Euronext Amsterdam: RAND.AS) is being
investigated on behalf of shareholders by former United States
Securities and Exchange Commission attorney Willie Briscoe and the
securities litigation firm of Powers Taylor, LLP. SFN Group
recently entered into an acquisition agreement that will pay SFN
Group shareholders only $14.00 in cash for each share of SFN
Group/SFN owned.
If you are an affected shareholder, and you want to learn more
about the investigation or join the action, contact Patrick Powers
at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC toll free (877) 397-5991, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive acquisition agreement involves an all-cash
transaction valued at approximately $770 million. The transaction
is expected to close in the third quarter of 2011.
“We are investigating the fairness of the proposed transaction
to SFN Group shareholders, whether the shareholders are being
underpaid for their stock, and whether SFN Group’s Board of
Directors acted in the shareholders’ best interests,” said
shareholder rights attorney Willie Briscoe. In particular, SFN
Group/SFN shares traded well over $14.00 per share as recently as
last April 2011. In addition, at least one analyst has recently set
a target price of $17.00 per share for SFN Group shares. “Based on
these and other factors, we do not believe that the acquisition
price is fair, and our anticipated lawsuit will seek to obtain the
highest share price for all shareholders,” said Willie Briscoe.
The Briscoe Law Firm is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of
experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation firm that handles a
variety of complex business litigation matters nationwide,
including claims of investor and stockholder fraud, shareholder
oppression, shareholder derivative suits, and security class
actions.
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