A lawsuit was filed for investors in shares of Total System Services, Inc. (NYSE: TSS) in connection with the proposed takeover NYSE: TSS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/06/2019 -- An investor, who currently holds shares of Total System Services, Inc. (NYSE: TSS), filed a lawsuit against the takeover of Total System Services, Inc.
Investors who purchased shares of Total System Services, Inc. (NYSE: TSS) and currently hold any of those NYSE: TSS shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Total System Services, Inc. breached their fiduciary duties owed to investors in connection with the proposed acquisition.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: TSS stockholders by agreeing to sell Total System Services, Inc cheaply via an unfair process.
On May 28, 2019, Global Payments (NYSE: GPN) and TSYS (NYSE: TSS) announced that they have entered into an agreement to combine in an all-stock merger of equals. Under the terms of the merger agreement, Total System Services, Inc. (NYSE: TSS) shareholders will receive 0.8101 Global Payments shares for each share of NYSE: TSS common stock, representing an equity value for TSYS of approximately $21.5 billion. This reflects a price per share of $119.86 for each share of TSYS common stock.
However, plaintiff claims that the proposed consideration NYSE: TSS shareholders will receive is grossly inadequate and undervalues Total System Services, Inc. Indeed, NYSE: TSS shares rose in the open market after the takeover announcement to as high as $123.93 per share on May 31, 2019. In addition, the plaintiff alleges that the process is also unfair NYSE: TSS stockholders.
Those who are current investors in Total System Services, Inc. (NYSE: TSS) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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