Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Affiliated Computer Services, Inc.BENSALEM, Pa. -- Law Offices of Howard G. Smith announces that it is investigating potential claims 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), related to the Company's agreement to be acquired by Xerox Corporation (company) XEROX Corporation -
See also XEROX PARC, XEROX Network Services. ("Xerox") in a cash-and-stock transaction valued at approximately $6.4 billion.
Under the terms of the definitive agreement entered into by the parties, ACS shareholders will receive a total of $18.60 per share in cash plus 4.935 Xerox shares for each ACS share they own. In addition, Xerox will assume ACS's $2 billion in debt and issue $300 million of convertible preferred stock Convertible Preferred Stock
Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". to ACS's Class B shareholders. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to approval of the acquisition by the ACS board of directors.
If you own shares of Affiliated Computer Services, Inc., if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to email@example.com.