NEW YORK, May 28, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Total System
Services, Inc. ("TSS" or the "Company") (NYSE: TSS) in connection
with the proposed acquisition of the Company by Global Payments
Inc. ("GPN"). Under the terms of the agreement, TSS
shareholders will receive 0.8101 shares of GPN for each TSS share
they own, representing consideration of $119.75 based on GPN May
28 opening price of $147.83.
If you are a shareholder of TSS who wishes to
discuss the investigation or have any questions about this notice
and your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212)
682-3025
(888)593-4771
stockinfo@weisslawllp.com
Or visit our
website
http://www.weisslawllp.com/total-system-services-inc/
Or follow us on Twitter
@MarketsAlert
WeissLaw is investigating whether TSS's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at the close of the transaction, GPN and its shareholders
will own 52% of the combined company. In addition, the deal
is a strategic transaction which will propel GPN into leadership
position in its industry. According to Bloomberg, the
acquisition of TSS by GPN will "create a powerhouse that provides
payment technology and software to more than 3.5 million small to
mid-size merchants and more than 1,300 financial institutions
worldwide."
Given these facts, WeissLaw is also investigating whether TSS'
Board conducted a fair process in agreeing to the proposed merger,
whether the proposed merger undervalues the Company, and whether
all material information related to the proposed merger is fully
and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
