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CITP Comsys IT Partners (MM)

17.73
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Comsys IT Partners (MM) NASDAQ:CITP NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.73 0 01:00:00

Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of COMSYS IT Partners, Inc.

03/02/2010 12:50am

Business Wire


Comsys IT Partners (NASDAQ:CITP)
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Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of COMSYS IT Partners, Inc. (“COMSYS” or the “Company”) (Nasdaq:CITP) related to the Company’s agreement to be acquired by Manpower, Inc. (“Manpower”). The transaction is valued at approximately $431 million, including assumed debt.

Under the terms of the merger agreement entered into by the parties, Manpower has agreed to acquire all of the outstanding shares of COMSYS common stock pursuant to an exchange offer in which COMSYS stockholders can elect to receive either (i) $17.65 per share in cash for each COMSYS share they own, or (ii) approximately 0.332 of a share of Manpower common stock – based on the closing price of Manpower's common stock on February 1, 2010 – for each share of COMSYS common stock. Manpower has the right to elect not less than two business days prior to the expiration of the exchange offer to pay $17.65 in cash for all shares tendered in the exchange offer. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the merger agreement by the COMSYS board of directors.

If you own shares of COMSYS, 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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