Affiliated Computer Services, Inc. Board Faces at Least Two Lawsuits Over Takeover

Angry investors in ACS shares accept filed at atomic two lawsuits on account of accepted investors Affiliated Computer Services, Inc. (Public, NYSE:ACS), who purchased the shares afore September 25, 2009, over declared breaches of fiduciary assignment and added violations of accompaniment law in affiliation with an declared arbitrary takeover price. One accusation was filed on Court of Chancery of the State of Delaware and one accusation was filed in State Court in Texas.

Those who currently are investors in shares of Affiliated Computer Services, Inc. (Public, NYSE:ACS), and purchased the shares afore September 28, 2009, and / or accept added advice apropos to the investigation, should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554.

According to the complaint the plaintiff alleges breaches of fiduciary assignment and added violations of accompaniment law by the Board of Directors of Affiliated Computer Services, Inc. (Public, NYSE:ACS) arising out of their attack to advertise Affiliated Computer Services to Xerox Corp.
The plaintiff alleges that action active by ACS and its Board of Directors was unfair. The broker accuses that the acceding is arbitrary because, a allotment of added things, it provides that ACS Chairman Darwin Deason will abide to acquire his $3.5 actor in compensation, additional benefits, until May of 2014. According to the complaint in return, Deason agreed to vote all of his shares in favor of the takeover by Xerox. Deason's shares comprise a 43.6% buying of the Company. Additionally, the ACS Board agreed to a no-solicitation accouterment and a abortion fee of $194 million, which is advised to abash any abeyant bidders.

Affiliated Computer Services, Inc. (NYSE: ACS) and Xerox Corporation (NYSE: XRX) appear on September 28, 2009 a absolute acceding for Xerox Corp to access Affiliated Computer Services, Inc in a banknote and banal transaction admired at $63.11 per allotment or $6.4 billion as of the closing amount of Xerox banal on Sept. 25, 2009. Under the agreement of the agreement, ACS shareholders will accept a absolute of $18.60 per allotment in banknote additional 4.935 Xerox shares for anniversary ACS allotment they own. According to Affiliated Computer Services the transaction has been accustomed by the Xerox and ACS boards of admiral and ACS appropriate committee.

According to a antecedent analysis by a law close “the transaction appears to be unfair” to accepted investors of Affiliated Computer Services, Inc. (NYSE: ACS) because the “offer to acquirement Affiliated Computer Services, Inc. appears opportunistically timed to crop advantage of the accepted bread-and-butter downturn”. The analysis “concerns whether the application to be paid to ACS shareholders is grossly unfair, inadequate, and essentially below the fair or inherent amount of ACS” and “whether the admiral of ACS, including any appropriate board members, may accept breached their fiduciary duties by not acting in ACS shareholders' best interests in affiliation with the auction action of ACS”. Another analysis even calls the accord “suspicious because it appears from a analysis of the Company's banking statements that the inherent amount of the Company's banal is greater than $56.60 per allotment and aswell because the Company has entered into an acceding that dissuades any added aggregation from authoritative a bigger action than Xerox.”

Affiliated Computer Services, Inc., amid in Dallas, Texas, is a provider of business action outsourcing and advice technology casework to bartering and government clients. The Company operates in two segments: bartering and government. The Company casework its audience through abiding contracts. Affiliated Computer Services, Inc appear in 2007 Total Revenue of $6.16055billion with a Net Income of $329.01million and in 2008 Total Revenue of $6.52316billion with a Net Income of$349.94million. Shares of Affiliated Computer Services, Inc. (NYSE:ACS) traded at $54.24 per allotment afterwards the advertisement and at about $48 per allotment anon afore the announcement. Affiliated Computer Services, Inc shares (NYSE:ACS) were down from a 52weekHigh of $55.84 per share, about $60 per allotment in 2008, and over $60 per allotment in 2007.