Business & Finance
Business and Finance
Business and Finance
Thu, June 2, 2011
Wed, June 1, 2011 Rigrodsky & Long, P.A. Investigates Trillium Capital LLCa?s Proposal to Take Stream Global Services, Inc. Private for Sharehold
WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of Stream Global Services, Inc. (aStreama or the aCompanya) (NYSE Amex: [ SGS ]) concerning possible breaches of fiduciary duty and other violations of law related to the Companya™s receipt of a proposal from Trillium Capital LLC (aTrilliuma), to acquire the Company in a agoing privatea transaction for $4.65 per share in cash (the aProposala).
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The investigation concerns whether Streama™s board of directors is adequately shopping the Company and working to obtain the best price possible for Streama™s shareholders.
The Proposal contemplates Trilliuma™s acquisition of all of the outstanding shares of common stock of Stream for $4.65 per share in cash. Trillium already owns approximately 4.6% of the Companya™s outstanding common stock. Moreover, among other things, the Proposal also allows certain of the Companya™s existing inside investors - Ares Management, Providence Equity Partners and Ayala Corporation or their affiliates (who currently own approximately 87% of Streama™s outstanding stock and control its board of directors)- to convert their current ownership of Stream, under certain conditions, to the privately held successor company.
If you own the common stock of Stream and purchased your shares before June 1, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact [ Seth D. Rigrodsky, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].
[ Rigrodsky & Long, P.A. ], with offices in Wilmington, Delaware and Garden City, New York, regularly litigates [ securities class, derivative and direct actions, shareholder rights litigation ] and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
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