COMSYS IT Partners acquisition by Manpower being investigated
Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of COMSYS IT Partners (CITP) related to the Company’s agreement to be acquired by Manpower (MAN). The transaction is valued at approximately $431M, including assumed debt. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the merger agreement by the COMSYS board of directors. :theflyonthewall.com
MOST NOTEWORTHY: Wal-Mart (WMT), Urban Outfitters (URBN) and Manpower (MAN) were today's noteworthy upgrades: Goldman upgraded Wal-Mart to Buy from Neutral citing compelling valuation, margin expansion, and expense control. The firm has a $60 target on the stock. FBR Capital upgraded Urban Outfitters to Outperform from Market Perform on valuation and its belief that sustainable positive comp trends will return in 2010. The firm maintains a $35 price target on shares. JP Morgan upgraded Manpower to Overweight from Neutral. The firm cites valuation and improving temp fundamentals in the U.S. and France for the upgrade and has a $70 price target on the stock...OTHER UPGRADES: Arena Resources (ARD) was upgraded to Buy from Neutral at SunTrust. C.R. Bard (BCR) was upgraded to Neutral from Underweight at Piper Jaffray. Cardinal Health (CAH) was upgraded to Overweight from Market Weight at Thomas Weisel. :theflyonthewall.com
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