mail@shareholdersfoundation.com
An investigation on behalf of current investors Affiliated Computer Services, Inc. (Public, NYSE:ACS), who purchased the shares before September 25, 2009, over potential breaches of fiduciary duty and other violations of state law in connection with an alleged unfair takeover price were announced.
If you are currently an investor in shares of Affiliated Computer Services, Inc. (Public, NYSE:ACS), and purchased the shares before September 28, 2009, and / or have additional information relating to the investigation, you should contact the Shareholders Foundation, Inc. at:
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
The investigation by a law firm focus on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of Affiliated Computer Services, Inc. (Public, NYSE:ACS) arising out of their attempt to sell Affiliated Computer Services to Xerox Corp. Affiliated Computer Services, Inc. (NYSE: ACS) and Xerox Corporation (NYSE: XRX) announced on September 28, 2009 a definitive agreement for Xerox Corp to acquire Affiliated Computer Services, Inc in a cash and stock transaction valued at $63.11 per share or $6.4 billion as of the closing price of Xerox stock on Sept. 25, 2009. Under the terms of the agreement, ACS shareholders will receive a total of $18.60 per share in cash plus 4.935 Xerox shares for each ACS share they own. According to Affiliated Computer Services the transaction has been approved by the Xerox and ACS boards of directors and ACS special committee.
According to an investigation by a law firm “the transaction appears to be unfair” to current investors of Affiliated Computer Services, Inc. (NYSE: ACS) because the “offer to purchase Affiliated Computer Services, Inc. appears opportunistically timed to take advantage of the current economic downturn”. The investigation “concerns whether the consideration to be paid to ACS shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of ACS” and “whether the directors of ACS, including any special committee members, may have breached their fiduciary duties by not acting in ACS shareholders' best interests in connection with the sale process of ACS”.
Those who currently are investors in shares of Affiliated Computer Services, Inc. (Public, NYSE:ACS), and purchased the shares before September 28, 2009, and / or have additional information relating to the investigation, should contact the Shareholders Foundation, Inc. at:
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 – 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-
Fax:+1-(858)-
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
____________________________________________________________
