Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Affiliated Computer Services, Inc.
BENSALEM, Pa.-(Business Wire)-September 29, 2009 - Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Affiliated Computer Services, Inc. (“ACS” or the “Company”) (NYSE:ACS), related to the Company’s agreement to be acquired by Xerox Corporation (“Xerox”) in a cash-and-stock transaction valued at approximately $6.4 billion.
Under the terms of the definitive agreement entered into by the parties, ACS shareholders will receive a total of $18.60 per share in cash plus 4.935 Xerox shares for each ACS share they own. In addition, Xerox will assume ACS's $2 billion in debt and issue $300 million of convertible preferred stock to ACS's Class B shareholders. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to approval of the acquisition by the ACS board of directors.
If you own shares of Affiliated Computer Services, Inc., if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.
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