Wednesday, February 01, 2006
ACS Affirms No Sale to Private-Equity Investors
ACS announced today that recent unsolicited discussions with a group of private-equity investors regarding a possible sale of the company have ended. ACS has been considering alternatives to enhance shareholder value including the discussions with a group of private-equity investors, as well as the possible dual class recapitalization proposal described in the Company's September 2005 proxy statement.
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Disclosure: my wife owns a small number of ACS shares due to her previous participation in an ESPP while employed there.
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