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BLB&G Partner Jerry Silk Quoted in
Numerous Publications Regarding Ceridian Settlement
July 13, 2007 - The recent settlement in a
lawsuit challenging the pending sale of Ceridian Corp., in which BLB&G
was lead counsel, has received widespread coverage from various media
outlets including Bloomberg News, Reuters, and Pioneer
Press. According to the settlement, Ceridian has agreed to remove
several provisions in its merger agreement with Thomas H. Lee and
Fidelity National that had effectively thwarted competing merger offers
from being presented.
According to the Bloomberg News, BLB&G Partner
Jerry Silk
states, "The new agreement allows for an open process that could and
should lead to more bidding that will lead to a higher per-share
offer...Our settlement has removed obstacles that encumbered the sale
process. Additionally, Reuters quoted Mr. Silk as saying,
"These suits are an effective tool to make sure that the boards of these
companies understand that they have to do what's right for shareholders.
If you put yourself up for for sale, you have to go out and get the best
price."
Click
here to read more the Ceridian
shareholder case.
Click
here for Plaintiff’s letter to the Court describing
the terms of the proposed settlement.
Click
here for the Court’s Order setting a date for
Ceridian’s annual meeting pursuant to the terms of the proposed settlement.
Click
here for more information and to view the Complaint.
For more information about the firm, please contact us at
blbg@blbglaw.com.
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