Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of COMFORCE Corp. in Connection With the Pro...
November 02 2010 - 8:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
COMFORCE Corporation (“COMFORCE” or the “Company”) (NYSE Amex:CFS)
related to the Company’s agreement to be acquired by an affiliate
of ABRY Partners, LLC. The proposed cash transaction is valued at
approximately $84.8 million.
Under the terms of the definitive merger agreement entered into
by the parties, COMFORCE shareholders will receive $2.50 in cash
for each share they own of the Company’s common stock. Certain
directors, executive officers and stockholders of COMFORCE
beneficially owning approximately 31% of the Company’s outstanding
common shares have entered into agreements to vote in favor of the
proposed transaction. The merger is expected to be completed in the
fourth quarter of 2010. The investigation concerns possible
breaches of fiduciary duty and other violations of law related to
approval of the proposed transaction by COMFORCE’s board of
directors.
If you are a shareholder of COMFORCE, 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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