NEW YORK, Oct. 22, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of MPS Group Inc. ("MPS" or the "Company") (NYSE:MPS) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt 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.
If you own common stock in MPS and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/mps1.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.