NEW YORK, June 29, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Convergys
Corporation ("CVG" or the "Company") (NYSE: CVG) in connection with
the proposed acquisition of the Company by SYNNEX Corporation
("SNX") (NYSE: SNX). Under the terms of the acquisition
agreement, CVG shareholders will be entitled to receive
$13.25 in cash and 0.1193 of a SNX
share for each CVG share they own, representing consideration of
$24.70 based on SNX trading price of
$96.05 on June 29.
WeissLaw is investigating whether CVG's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the acquisition is a compelling transaction which,
according to SNX's CEO, positions it as a clear leader in the
Business Process Outsourcing ("BPO") industry. Additionally,
the deal is expected to (1) be immediately accretive and add
approximately $2.7 billion to SNX's
revenue, (2) add 12 new countries to its global footprint, and (3)
add an attractive new client base in strategic vertical
markets. At close of the transaction, SNX will have increased
its global footprint, servicing approximately 40 countries in
nearly 70 different languages, with anticipated EBITDA of
approximately $380 million in the
first year after closing.
Given these facts, WeissLaw is investigating whether CVG's Board
acted in the best interests of CVG's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own CVG shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/convergys-corporation/
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SOURCE WeissLaw LLP