NEW YORK, July 26, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Syntel, Inc. ("SYNT"
or the "Company") (NASDAQ: SYNT) in connection with the
proposed acquisition of the Company by Atos S.E ("Atos").
Under the terms of the acquisition agreement, shareholders will
receive $41.00 in cash for each SYNT
share they own.
WeissLaw is investigating whether SYNT's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the deal is a strategic transaction which, according to
Atos' Chairman and CEO, "will significantly enhance [its] presence
in North America and accelerate
the digital transformation of [its] customers." Additionally,
Atos expects the transaction to enhance its growth profile and
profitability through SYNT's "cutting-edge India-based delivery platforms," and a
diversified portfolio of digital service offerings.
Finally, in its latest financial release, the Company announced
revenue of $249.7 million in the
second quarter of 2018, reflecting an increase of 10%
year-over-year when compared to the $226.8
million reported in the same period of the previous
year.
Given these facts, WeissLaw is investigating whether SYNT's
Board acted in the best interests of SYNT's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own SYNT shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
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 or fill out the
form on our website,
http://www.weisslawllp.com/syntel-inc/
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SOURCE WeissLaw LLP