Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Stanley, Inc. (“Stanley” or the “Company”) (NYSE:SXE) related to the Company’s agreement to be acquired by CGI Group Inc. (“CGI”). The proposed transaction is valued at approximately $1.07 billion.
Under the terms of the definitive merger agreement entered into by the parties, CGI will commence a cash tender offer to acquire all of the outstanding shares of Stanley common stock for $37.50 per share in cash. The merger agreement also contains a break-up fee payable to CGI under certain circumstances and a provision under which Stanley has agreed not to solicit any competing offers. The closing of the tender offer is expected to occur during the fall of 2010. Upon completion of the transaction, Stanley will become part of CGI Federal Inc. – a wholly-owned subsidiary of CGI. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Stanley’s board of directors.
If you own shares of Stanley, Inc., 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 email@example.com, or visit our website at http://www.howardsmithlaw.com.