The acquisition of SFN Group, Inc. (“SFN Group” or “SFN”) (NYSE: SFN) by Randstad Holding nv (Euronext Amsterdam: RAND.AS) is being investigated on behalf of shareholders by former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP. SFN Group recently entered into an acquisition agreement that will pay SFN Group shareholders only $14.00 in cash for each share of SFN Group/SFN owned.
If you are an affected shareholder, and you want to learn more about the investigation or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive acquisition agreement involves an all-cash transaction valued at approximately $770 million. The transaction is expected to close in the third quarter of 2011.
“We are investigating the fairness of the proposed transaction to SFN Group shareholders, whether the shareholders are being underpaid for their stock, and whether SFN Group’s Board of Directors acted in the shareholders’ best interests,” said shareholder rights attorney Willie Briscoe. In particular, SFN Group/SFN shares traded well over $14.00 per share as recently as last April 2011. In addition, at least one analyst has recently set a target price of $17.00 per share for SFN Group shares. “Based on these and other factors, we do not believe that the acquisition price is fair, and our anticipated lawsuit will seek to obtain the highest share price for all shareholders,” said Willie Briscoe.The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.