APAC Customer Services, Inc. (NASDAQ:APAC)Investor Investigation Over Proposed Acquisition

PRLog (Press Release) - Feb 03, 2009 -
According to a press release an investigation on behalf of current APAC Customer Services, Inc. (NASDAQ: APAC) investors over potential claims against the Board of Directors of APAC Customer Services, Inc. (Nasdaq:APAC), concerning possible breaches of fiduciary duty and other violations of law related to a proposal from Tresar Holdings LLC to acquire all of the outstanding shares of common stock of APAC, other than those shares held by Theodore G. Schwartz, the Company's founder and current Chairman of the Board, has been announced.

If you currently hold APAC Customer Services, Inc. (NASDAQ: APAC) shares you have certain options and you should contact the Shareholders Foundation immediately!

Email: Mail@ShareholdersFoundation.com

Or call us: +1 (858) 779 - 1554


Tresar Holdings LLC, an acquisition vehicle formed by Theodore G. Schwartz, announced that it has informed the board of directors that it is proposing to acquire all of the outstanding shares of common stock of APAC Customer Services, Inc. (NASDAQ: APAC), other than shares held by Mr. Schwartz, APAC's founder and Chairman of the Board, and certain related holders, for a per share purchase price of $1.61 in cash.
Theodore G. Schwartz and certain related holders own approximately 49% of the Company's outstanding common stock. Under the terms of the agreement, APAC shareholders will receive $1.61 cash for each share they hold of APAC, or approximately $81.4 million. This price represents a premium of 25% over the closing price of APAC's common stock on January 28, 2009 and 28% and 20% premiums over the average closing prices for the prior 30 and 365 days. But APAC shares traded as high as $2.33 per share in September 2008. According to the press release by a law firm the transaction appears to be unfair and an undervaluation of APAC Customer Services, Inc. (NASDAQ: APAC).
The Board of Directors of APAC is in the process of forming a special committee of independent directors to review the proposal.

If you currently hold APAC Customer Services, Inc. (NASDAQ: APAC) shares you have certain options and you should contact the Shareholders Foundation immediately!

Email: Mail@ShareholdersFoundation.com

Or call us: +1 (858) 779 - 1554


You can also send us your information by mail /facsimile:


Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
Mail@ShareholdersFoundation.com
www.ShareholdersFoundation.com
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