-
If you purchased Convergys Corporation (NYSE:CVG) and currently continue to hold those NYSE CVG shares, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.
-
To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
After takeover rumors of Convergys Corp. emerged an investigation on behalf of investors of Convergys Corporation (NYSE:CVG) over possible breaches of fiduciary duty was announced.
The investigation by a law firm concerns whether certain directors and officers at Convergys Corporation (NYSE:CVG) or others breached or will breach their fiduciary duties in connection with a potential takeover and in the event of a buyout.
Even though shares of Convergys Corporation (CVG) decreased from as high as $26.96 during 2007 to as low as $4.39 in November 2008, CVG shares have since then increased to under $14 in the beginning of 2011.
In response to the takeover chatter CVG shares increased on Thursday, Feb 17, from $14.21 to $14.68 and closed at $14.53 after a media report cited a source close to the situation that potential buyers could include Amdocs Ltd (DOX), SAP AG and Oracle Corp (ORCL).
Therefore the investigation monitors and concerns whether the Convergys Board of Directors will undertake an adequate and fair sales process in the event of a takeover to obtain the maximized consideration for all shareholders of Convergys Corporation (NYSE:CVG) and will breach their fiduciary duties to Convergys Corp. (CVG) shareholder by failing to adequately shop the Company before entering into any transaction. A potential class action lawsuit would seek to maximize the amount of money and information NYSE CVG shareholders would receive in a buyout, so the law firm.
