TNS Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Affiliate of Siris Capital Group

pan>)--Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of TNS, Inc. (TNS) (NYSE:
TNS) to an investor group led by Siris Capital Group for shareholders.
Under the terms of the proposed deal valued at $862 million, TNS
shareholders will only receive $21.00 in cash for each share of TNS
stock owned, well below at least one analysts estimated value of $27.50.
“due to
the proposed sale price, the size of the deal and other factors, we
believe that this transaction may undervalue TNSs stock. Our lawsuit
will seek to obtain the highest share price for all shareholders.”
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, contact Patrick Powers at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com,
or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via
email at WBriscoe@TheBriscoeLawFirm.com.
There is no cost or fee to you.
The TNS sale investigation centers on whether TNSs shareholders are
receiving adequate compensation for their shares in the buyout, whether
the transaction undervalues TNSs stock, and whether TNSs board
attempted to obtain the highest share price for all shareholders prior
to agreeing to the deal. Notably, according to at least one analyst with
Yahoo! Finance, the true inherent value of the stock could be as high as
$27.50. Shareholder rights attorney Patrick Powers stated that due to
the proposed sale price, the size of the deal and other factors, we
believe that this transaction may undervalue TNSs stock. Our lawsuit
will seek to obtain the highest share price for all shareholders.
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.

Information Source: Business Wire

December 12th, 2012 @ 05:34pm