Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders of Affiliated Computer Services, Inc.
BALA CYNWYD, Pa. -- Law office of Brodsky & Smith, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control announces that it is investigating potential claims of breach of fiduciary duty against the Board of Directors of Affiliated Computer Services Affiliated Computer Services (ACS) (NYSE: ACS) is a Fortune 500 company that provides information technology outsourcing as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. , Inc. ("ACS (Asynchronous Communications Server) See network access server. " or the "Company") (NYSE NYSE
See: New York Stock Exchange :ACS - News) related to the announced plan of merger of ACS with Xerox Corporation ("Xerox") (NYSE:XRX - News) and Boulder Acquisition Corp., a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Xerox.
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 ramifications npl → Auswirkungen pl 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.