Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of Affiliated Computer Services, Inc.
Under the terms of the proposed merger agreement, ACS shareholders will receive $18.60 in cash and 4.935 shares of Xerox for every share of ACS they own. Based on the closing price of Xerox on September 25, 2009, this would amount to approximately $63.11 per share and a transaction value of $6.4 billion. Since the announcement of the merger, however, Xerox stock has dropped more than 15%, lowering the expected return to ACS shareholders to approximately $55.55 per share. Significantly, ACS stock has traded above $51 per share as recently as April 2009. Additionally, review of the merger agreement reveals that the ACS Board of Directors agreed to a no-solicitation provision once the agreement was signed.
If you are an ACS shareholder and wish to discuss the legal ramifications of the Board's actions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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|Comment:||Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of Affiliated Computer Services, Inc.|
|Date:||Oct 2, 2009|
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