Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of SFN Group, Inc. (“SFN” or the “Company”) (NYSE - SFN) relating to the proposed acquisition by Randstad Holding nv (Euronext Amsterdam – RAND.AS) (“Randstad”). Under the terms of the transaction SFN shareholders would receive $14.00 in cash for each share SFN stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of SFN for not acting in the Company’s shareholders' best interests in connection with the sale process to Randstad. The transaction may undervalue SFN as stock traded at $15.04 as recently as April 6, 2011 and an analyst has set a price target of $17.00 for SFN stock. If you own shares of SFN stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, visiting http://brodsky-smith.com/319-sfn-sfn-group-inc.html, or by calling toll free 877-LEGAL-90.
SFN Group (NYSE:SFN) hit a new 52-week high Friday as it is currently trading at $26.99, above its previous 52-week high of $26.94 with 4,675 shares traded as of 1:13 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.