Investor Alert From Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of Bisys Group, Inc. - BSG
14 Maio 2007 - 2:05PM
PR Newswire (US)
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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