SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces
Investigation into Possible Breaches of Fiduciary Duty by the Board
of TNS, Inc. in Connection with the Sale of the Company to Siris
Capital Group
NEW YORK, Dec. 13, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of TNS, Inc.
("TNS" or the "Company") (NYSE: TNS) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Siris Capital Group.
Click here to learn more about the investigation:
http://zlk.9nl.com/tns/, or call: 877-363-5972. There is no
cost or obligation to you.
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
)
Under the terms of the transaction, TNS shareholders will
receive $21.00 per share of TNS stock
they own. The transaction has a total approximate value of
$862 million. The investigation
concerns whether the TNS Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before entering into this transaction and whether Siris
Capital Group is underpaying for TNS shares, thus unlawfully
harming TNS stockholders. In particular, TNS stock traded above the
offer price as recently as April 12,
2012, and at least one analyst set a price target for TNS
stock at $27.50 per share.
If you own common stock in TNS and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/tns/.
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C.
The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP