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CFS Comforce Corp

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Share Name Share Symbol Market Type
Comforce Corp AMEX:CFS AMEX Ordinary Share
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  0.00 0.00% 0.00 -

Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of COMFORCE Corp. in Connection With the Pro...

03/11/2010 12:30am

Business Wire


Comforce (AMEX:CFS)
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Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of COMFORCE Corporation (“COMFORCE” or the “Company”) (NYSE Amex:CFS) related to the Company’s agreement to be acquired by an affiliate of ABRY Partners, LLC. The proposed cash transaction is valued at approximately $84.8 million.

Under the terms of the definitive merger agreement entered into by the parties, COMFORCE shareholders will receive $2.50 in cash for each share they own of the Company’s common stock. Certain directors, executive officers and stockholders of COMFORCE beneficially owning approximately 31% of the Company’s outstanding common shares have entered into agreements to vote in favor of the proposed transaction. The merger is expected to be completed in the fourth quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by COMFORCE’s board of directors.

If you are a shareholder of COMFORCE, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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