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According to the agreement, Aspect shareholders will receive $12.00 in cash per share, valuing the transaction at $210 million, net of cash and short-term investments acquired. The transaction is subject to customary closing conditions, will take the form of an all cash tender offer followed by a second-step merger and is expected to be completed by the end of 2009.
Kendall Law Group's investigation concerns whether the consideration to be paid to Aspect shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of the Company and whether the directors and special committee members may have breached their fiduciary duties by not acting in the shareholders' best interests in connection with the sale process.
For information about your rights as an Aspect shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. The firm has significant experience representing investors in mergers and acquisitions from Kendall Law Group's headquarters in Dallas, Texas.
The Kendall Law Group, LLP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6273
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Kendall Law Group, LLP
CONTACT: Kendall Law Group, LLP Hamilton Lindley (877) 744-3728 (214) 744-3000 Fax: (214) 744-3015 hlindley@kendalllawgroup.com www.kendalllawgroup.com 3232 McKinney, Ste. 700 Dallas, TX 75204
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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