SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the Board of Directors of TNS Inc. (NYSE: TNS) breached their fiduciary duties in connection with Siris Capital Group’s proposed acquisition of TNS. Specifically, on December 11, 2012, Siris announced that it had entered into definitive merger agreements to acquire TNS for $21 a share.
Johnson & Weaver’s investigation focuses on whether the TNS Board of Directors breached their fiduciary duties to stockholders by failing to satisfactorily shop the company before entering into this agreement. One analyst’s price target for TNS stock is $27.50 per share, which is significantly higher than the $21 offered by Siris. On a valuation basis, the stock trades at a relatively low PE ratio and earnings and revenues have been growing substantially.
If you are interested in learning more about the investigation or your legal rights and remedies, please contact attorney Brett Weaver (firstname.lastname@example.org) or Shawn Fields (email@example.com) at 619-230-0063.
Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.