| Levi & Korsinsky, LLP Investigates PeopleSupport, Inc |
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| Written by PrimeNewsWire | |
| Tuesday, 05 August 2008 | |
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New York, New York - Levi & Korsinsky announces an investigation on the proposed acquisition of PeopleSupport, Inc. ("PeopleSupport" or the "Company") (Nasdaq:PSPT).
On August 4, 2008, PeopleSupport announced that it has entered into a definitive merger agreement with Essar Services, Mauritius, a company organized under the laws of Mauritius, ("Essar"), and Easter Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Essar ("Merger Sub"). Under the terms of the proposal, PeopleSupport's shareholders would receive $12.25 per share in cash or $250 million. This transaction is subject to customary conditions and regulatory approvals. Upon closing, PeopleSupport will no longer be publicly traded. If you own common stock in PeopleSupport and wish to obtain additional information please contact us at the number listed below or visit www.zlk.com/pspt.html Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. About PeopleSupport, Inc. PeopleSupport, Inc., an offshore business process outsourcing (BPO) company, provides customer management, transcription and captioning, and additional BPO services through its centers in the Philippines, Costa Rica, and the United States. CONTACT: Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Juan E. Monteverde, Esq.
(212) 363-7500
Fax: (212) 363-7171
www.zlk.com
39 Broadway, Suite 1601
New York, NY 10006 |
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