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Syntel (SYNT) Alert: Johnson Fistel Investigates Proposed Sale of Syntel, Inc.; Are Shareholders Getting a Fair Deal?

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Syntel (SYNT) Alert: Johnson Fistel Investigates Proposed Sale of Syntel, Inc.; Are Shareholders Getting a Fair Deal?

PR Newswire

SAN DIEGO, July 23, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Syntel, Inc. ("Syntel") (NASDAQ:SYNT) breached their fiduciary duties in connection with the proposed sale of the Company to Atos S.E. ("Atos"). Syntel provides digital transformation, information technology (IT), and knowledge process outsourcing (KPO) services worldwide.

On July 22, 2018, Syntel announced that it had signed a definitive merger agreement with Atos Under the terms of the transaction, Atos will acquire all outstanding shares of Syntel for $41.00 per share in an all-cash transaction.

The investigation concerns whether the Syntel board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Syntel shares of common stock.

If you are a shareholder of Syntel and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. 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.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP

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