Levi & Korsinsky, LLP Investigates Possible Breach Of Fiduciary Duty By The Board Of Stanley, Inc. - SXE
Levi & Korsinsky is investigating the Board of Directors of Stanley, Inc. (“Stanley” or the “Company”) (NYSE: SXE) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to CGI Group Inc. ("CGI") (NYSE: GIB). Under the terms of the transaction, Stanley shareholders will receive $37.50 in cash for each Stanley share of common stock they own for a total transaction value of approximately $1.07 billion.
The investigation concerns whether the Stanley Board of Directors breached their fiduciary duties to Stanley stockholders by failing to adequately shop the Company before entering into this transaction and whether CGI is underpaying for Stanley shares, thus unlawfully harming Stanley stockholders. In particular, at least one analyst set a price target for Stanley stock at $40 per share and the median price target set by analysts is $38 per share.
If you own common stock in Stanley and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500 or visit http://www.zlk.com/stanley-sxe.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
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