TNS, Inc Merger Litigation (NYSE: TNS)
Law Office of Brodsky & Smith, LLC Announces Investigation of TNS, Inc.
BALA CYNWYD, December 12, 2012/PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of TNS, Inc. (“TNS” or the “Company”) (NYSE- TNS-News) relating to the proposed acquisition by Siris Capital Group (“Siris”).
Under the terms of the transaction, TNS shareholders will receive only $21.00 in cash for each share of TNS stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of TNS for not acting in the Company’s shareholders' best interests in connection with the sale process to Siris. The transaction may undervalue the Company and will not result in a substantial gain for many shareholders. For example TNS stock traded at $22.46 as recently as March 26, 2012 and an analyst has set a price target for TNS stock at 27.50 per share.
If you own shares of TNS stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org by calling toll free 877-LEGAL-90.
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