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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

Robbins Umeda LLP Announces an Investigation of the Acquisition of COMSYS IT Partners, Inc. by Manpower, Inc.

02/02/2010 9:24pm

Business Wire


Comsys IT Partners (NASDAQ:CITP)
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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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