The Law Firm of Levi & Korsinsky, LLP Notifies Shareholders of Claims of Breaches of Fiduciary Duty by the Board of APAC Customer Services, Inc. in Connection With the Sale of Company to One Equity Partners
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/04/11 -- Levi & Korsinsky notifies investors of APAC Customer Services, Inc. ("APAC" or the "Company") (NASDAQ: APAC) of claims of breaches of fiduciary duty and other violations of state law against the Board of Directors of the Company in connection with the sale of the Company to an affiliate of One Equity Partners. Under the terms of the transaction, APAC stockholders will receive $8.55 in cash for each share of APAC stock they own. The transaction has a total value of approximately $470 million. A complaint was filed in Illinois state court.
Click here to learn how to join the action: , or call: 877-363-5972.
The claims concern whether the APAC Board of Directors breached their fiduciary duties to APAC stockholders by failing to adequately shop the Company before entering into this transaction and whether One Equity Partners is underpaying for APAC shares, thus unlawfully harming APAC stockholders. Theodore G. Schwartz, the chairman of the board, and his affiliated entities, representing approximately 39% of APAC's outstanding shares, have entered into a voting agreement to vote in favor of the transaction.
If you own common stock in APAC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit .
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 04.08.2011 - 15:23 Uhr
Sprache: Deutsch
News-ID 42183
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