DENVER, Aug. 7, 2008 (LAWFUEL) — The Shuman Law Firm today
announced that it is investigating the proposed acquisition of
PeopleSupport, Inc. (“PeopleSupport”) (Nasdaq:PSPT) by the Essar Group,
one of India’s largest business conglomerates.
If you currently own PeopleSupport common stock and would like a free
consultation concerning your rights and interests, please contact Rusty
Glenn, Esq. toll-free at 866-974-8626 or email Mr. Glenn at
rusty@shumanlawfirm.com.
On August 4, 2008, PeopleSupport announced that it has entered into a
definitive merger agreement with Essar Services, Mauritius. Under the
terms of the proposal, PeopleSupport’s shareholders would receive
$12.25 per share in cash or approximately $250 million. PeopleSupport’s
Board of Directors unanimously approved the merger. The merger is
subject to several conditions including PeopleSupport stockholder
approval, regulatory approval and certain other customary closing
conditions, and is expected to close in the third or fourth quarter of
this year. Upon closing, PeopleSupport will no longer be publicly
traded.
The Shuman Law Firm has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial
fraud. The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in securities class actions. If you wish to
obtain additional information please contact us at the number listed
below or visit www.shumanlawfirm.com.
