LITTLE ROCK, Ark., May 14 /PRNewswire/ -- Cauley Bowman Carney & Williams, PLLC has announced an update on a proposed acquisition: On May 2, 2007, Bisys Group, Inc. announced that it had entered into a definitive merger agreement with Citigroup, Inc. Under the terms of the agreement Bisys Group, Inc. shareholders will receive $11.85 per share in cash from Citigroup and a special cash dividend of $.15 for each share owned. This price per share represents a mere 4.6% premium over the stock's closing price prior to announcement of the merger. If the proposed merger is completed, Bisys Group, Inc. will no longer be a publicly traded company. While Bisys shareholders must approve this merger, the companies expect to complete this merger in the second quarter of 2007. Cauley Bowman Carney & Williams, PLLC Cauley Bowman is a national law firm that represents investors in securities fraud and corporate governance class actions. It is one of the country's premiere firms in the area of securities fraud having recovered billions of dollars for defrauded investors and secured significant corporate governance reforms. Cauley Bowman maintains in-house finance, forensic accounting specialists and extensive trial experience. If you are a current shareholder of Bisys Group, Inc. and would like to be advised of your rights in this matter, you may contact Cauley Bowman Carney & Williams, PLLC at the phone number below. CONTACT Darrin L. Williams, Esq. Randall K. Pulliam, Esq. Kristi Gray 501-312-8500 1-888-551-9944 DATASOURCE: Cauley Bowman Carney & Williams, PLLC CONTACT: Darrin L. Williams, Esq., or Randall K. Pulliam, Esq., or Kristi Gray, all of Cauley Bowman Carney & Williams, PLLC, +1-501-312-8500, or 1-888-551-9944, Web site: http://www.cauleybowman.com/

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