Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of COMSYS IT Partners, Inc.
02 Fevereiro 2010 - 10:50PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
COMSYS IT Partners, Inc. (“COMSYS” or the “Company”) (Nasdaq:CITP)
related to the Company’s agreement to be acquired by Manpower, Inc.
(“Manpower”). The transaction is valued at approximately $431
million, including assumed debt.
Under the terms of the merger agreement entered into by the
parties, Manpower has agreed to acquire all of the outstanding
shares of COMSYS common stock pursuant to an exchange offer in
which COMSYS stockholders can elect to receive either (i) $17.65
per share in cash for each COMSYS share they own, or (ii)
approximately 0.332 of a share of Manpower common stock – based on
the closing price of Manpower's common stock on February 1, 2010 –
for each share of COMSYS common stock. Manpower has the right to
elect not less than two business days prior to the expiration of
the exchange offer to pay $17.65 in cash for all shares tendered in
the exchange offer. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the merger agreement by the COMSYS board of directors.
If you own shares of COMSYS, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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