SAN DIEGO, July 23, 2018 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Syntel, Inc. ("Syntel") (NASDAQ:
SYNT) breached their fiduciary duties in connection with the
proposed sale of the Company to Atos S.E. ("Atos"). Syntel provides
digital transformation, information technology (IT), and knowledge
process outsourcing (KPO) services worldwide.
On July 22, 2018, Syntel announced
that it had signed a definitive merger agreement with Atos Under
the terms of the transaction, Atos will acquire all outstanding
shares of Syntel for $41.00 per share
in an all-cash transaction.
The investigation concerns whether the Syntel board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Syntel
shares of common stock.
If you are a shareholder of Syntel and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP