Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Convergys Corporation (NYSE: CVG) to SYNNEX Corporation (NYSE: SNX). Under the terms of the transaction, Convergys shareholders will receive $13.25 in cash and 0.1193 shares of SYNNEX common stock for each Convergys share they own. This represents a value of approximately $26.50 per share.
The Convergys merger investigation concerns whether the Board of Convergys breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether SYNNEX Corporation is underpaying for Convergys shares, thus unlawfully harming Convergys shareholders.
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