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| Protecting the Rights of Shareholders and Consumers |
MPS Group Inc. Securities Litigation
MPS Group Inc. (NYSE: MPS) shareholder litigation over alleged unfair takeover
On October 20, 2009, MPS Group Inc. (“MPS” or the “Company”) announced that it agreed to sell the Company to Adecco Group.
Under the terms of the agreement, MPS shareholders will receive $13.80 in cash for each share of MPS common stock they own
for a total transaction value of approximately $1.3 billion.
The investigation concerns whether the MPS Board of Directors breached their fiduciary duties to maximize shareholder value by
agreeing to sell the Company for $13.80 per share and by agreeing to a no-solicitation provision and a $45 million termination fee
that will all but ensure that no superior offer will ever be forthcoming.
On October 20, 2009, MPS Group Inc. (“MPS” or the “Company”) announced that it agreed to sell the Company to Adecco Group.
Under the terms of the agreement, MPS shareholders will receive $13.80 in cash for each share of MPS common stock they own
for a total transaction value of approximately $1.3 billion.
The investigation concerns whether the MPS Board of Directors breached their fiduciary duties to maximize shareholder value by
agreeing to sell the Company for $13.80 per share and by agreeing to a no-solicitation provision and a $45 million termination fee
that will all but ensure that no superior offer will ever be forthcoming.
