DALLAS, May 10, 2010 (BUSINESS WIRE) -- Kendall Law Group, a national securities firm, is investigating Stanley, Inc. (NYSE:SXE) for shareholders in connection with the acquisition by CGI Group Inc. The firm's investigation seeks to determine whether Stanley and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Stanley shareholder and have any information to contribute or would like information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
The companies announced on May 6, 2010 that they had entered into an agreement for Stanley to be acquired by CGI in an all cash tender offer valued at $1.07 billion. According to the agreement, Stanley shareholders will receive $37.50 per share, which is a 21% premium over the closing price on May 5, 2010.
However, analysts have predicted 6.80% growth estimates for Stanley's current quarter and 4.40% for next quarter. Revenues through March of 2011 are estimated at an average over $941 million. Additionally, Stanley had over $2.2 million in cash (or cash equivalent) on hand in December, 2009. Based on these prospects for the Company, the firm believes the transaction undervalues shareholder's investment.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States.
SOURCE: Kendall Law Group CONTACT: Kendall Law Group LLP Scott Kendall, 214-744-3000 Toll Free: 877-744-3728 Facsimile: 214-744-3015 skendall@kendalllawgroup.com www.kendalllawgroup.com Copyright Business Wire 2010 -0- KEYWORD: United States
North America
Texas INDUSTRY KEYWORD: Professional Services
Legal SUBJECT CODE: Lawsuit