DENVER, Aug. 7, 2008 (PRIME NEWSWIRE) -- 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.
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