Oct. 23, 2009 (Business Wire) -- Kendall Law Group, led by a former federal judge and former US Attorney, announces a shareholder investigation into the Board of Directors of MPS Group, Inc. (NYSE: MPS) in connection with the proposed acquisition by Adecco Group.
On October 20, 2009, Adecco announced its plans to purchase MPS Group, Inc., a company that provides staffing, consulting, and business solutions, for $1.17 billion. According to the agreement, shareholders will receive $13.80 in cash per MPS common stock owned. The transaction is expected to be complete in the first quarter of 2010 and includes a no-solicitation provision and $45 million termination fee.
Kendall Law Group’s investigation concerns whether the consideration to be paid to shareholders is below the fair or inherent value of the Company and whether the directors and may have breached their fiduciary duties by not acting in the shareholders’ best interests in connection with the sale process.
Kendall Law Group has nationwide experience representing investors in mergers and acquisitions. For information about your rights as a MPS shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
