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Article: Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of MPS Group Inc. - MPS.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Levi & Korsinsky is investigating the Board of Directors of MPS Group Inc. ("MPS" or the "Company") (NYSE: MPS) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Adecco Group. Under the terms of the agreement, MPS shareholders will receive $13.80 in cash for each share of MPS common stock they own for a total transaction value of approximately $1.3 billion.
The investigation concerns whether the MPS Board of Directors breached their fiduciary duties to maximize shareholder value by agreeing to sell the Company for $13.80 per share and by agreeing to a no-solicitation provision and a ...
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