BALA CYNWYD, Pa., March 6, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating the legal ramifications of the proposed acquisition of Gevity HR, Inc. ("Gevity") (Nasdaq:GVHR). The firm is investigating possible breaches of fiduciary duty and other violations of state law by Gevity's Board of Directors. On March 4, 2009, Gevity, TriNet Group, Inc. ("TriNet") and Gin Acquisition, Inc., a wholly owned subsidiary of TriNet, entered into a Merger Agreement where Gevity shareholders will receive $4.00 a share for their stock. The Merger Agreement estimates the cash transaction at $98 million. The transaction appears to be unfair given that Gevity shares traded as high as $7.80 as recently as October 2008.
If you are a Gevity shareholder and wish to discuss the legal ramifications of the proposed acquisition by TriNet, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.