Finkelstein Thompson LLP Announces Investigation of COMSYS IT Partners, Inc.
February 17 2010 - 11:03AM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of COMSYS IT Partners, Inc. (Nasdaq:CITP)
(“COMSYS” or the “Company”) arising from the recently-announced
acquisition of the Company by Manpower Inc. (“Manpower”). Under the
terms of the merger agreement, Manpower will acquire all
outstanding shares of COMSYS common stock whereby COMSYS
shareholders can elect to receive either $17.65 in cash for each
share of COMSYS common stock owned or a fraction of a share of
Manpower common stock equal to $17.65 divided by the average
trading price of Manpower common stock during the ten trading days
ending on and including the second trading day prior to the closing
of the agreement. The proposed deal is valued at approximately $431
million.
The investigation is focused on the potential unfairness of the
price to COMSYS shareholders and the process by which the Company's
Board of Directors considered and approved the transaction,
particularly since the merger agreement includes a $15.2 million
termination fee and a clause prohibiting the Board from discussing
or seeking any superior proposals.
If you are interested in discussing your rights as a COMSYS
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, D.C. offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney
advertising. Prior results do not guarantee similar outcomes.
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