The Law Offices of Vincent Wong are investigating the Board of Directors of SFN Group, Inc. (NYSE: SFN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Randstad Holding nv (Euronext Amsterdam: RAND.AS). Under the terms of the deal, SFN Group shareholders will receive $14.00 in cash per share. The transaction values the Company’s equity at approximately $770 million.
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The investigation concerns whether the SFN Group Board breached its fiduciary duties to stockholders by failing to adequately shop the Company before entering into this deal and whether Randstad Holding nv is underpaying for SFN Group shares, thus unlawfully harming SFN Group stockholders. According to Thomson/First Call at least one analyst set a price target for SFN Group stock at $17.00 per share.
If you own common stock in SFN Group and wish to obtain additional information, please contact Vincent Wong, Esq. either via email
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Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.