We are investigating whether the directors of Volt Information Sciences, Inc. (ticker: VOLT) (“Volt”) acted in the best interests of Volt shareholders in approving the sale of Volt to Vega Consulting, Inc. (“Vega”), an affiliate of ACS Solutions (“ACS”), for $6.00 per share in cash in a tender offer.
If you remain a Volt shareholder and have questions about your legal rights, please contact us via the form below to discuss your options at no charge.
Why is there an investigation?
On March 14, 2022, Volt announced an agreement for Vega to purchase all of the outstanding shares of Volt for $6.00 per share in cash in a tender offer. The agreement has been approved by the Volt board.
Our investigation concerns whether Volt’s board acted in the best interests of Volt shareholders in approving the sale to Vega, including whether the acquisition price adequately compensates Volt shareholders, and whether all material information regarding the transaction has been fully disclosed.
In particular, according to a discounted cash flow analysis by the Simply Wall Street research firm, Volt’s fair value may be as high as $22.69 per share.