Robbins Umeda LLP Announces an Investigation of the Acquisition of COMSYS IT Partners, Inc. by Manpower, Inc.
02 Febbraio 2010 - 10:24PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by the
officers and members of the Board of Directors of COMSYS IT
Partners, Inc. ("COMSYS") (NASDAQ: CITP) in connection with their
actions in causing COMSYS to enter into a merger agreement with
Manpower, Inc. ("Manpower") (NYSE: MAN). Under the terms of the
merger agreement, COMSYS shareholders will receive either $17.65
per COMSYS share in cash 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
exchange offer, subject to certain requirements. Additionally,
Manpower retains the right to alter the deal to only pay cash for
COMSYS shares. Manpower expects to commence the exchange offer in
mid-March 2010, and the deal is expected to close in the second
quarter of 2010.
Robbins Umeda LLP's investigation concerns whether COMSYS' Board
of Directors' acceptance and recommendation of Manpower's offer was
fair and designed to secure the best possible price for all COMSYS
shareholders.
If you are a shareholder of COMSYS, and would like more
information about your rights as a shareholder, please contact
attorney Lauren Levi at 800-350-6003 or by e-mail at
llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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