NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of S1 Corporation (NASDAQ: SONE) for possible breaches of fiduciary duty and other violations of state law in connection with a merger proposal from ACI Worldwide Inc. (NASDAQ: ACIW). Under the terms of the deal, S1 shareholders would receive $9.50 in cash or stock per share of S1 stock. The transaction would have a total approximate value of $540 million.
For more information, please go to: http://www.wongesq.com/s-one-corporation.html.
On June 27, 2011, S1 entered into a definitive agreement to merge with Fundtech Ltd. in a stock-for-stock deal valued at approximately $320 million.
The investigation concerns whether the S1 Board of Directors have taken the necessary steps to maximize shareholder value and whether the ACI Worldwide offer of $9.50 per share adequately compensates S1 shareholders.
If you own common stock in S1 and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/s-one-corporation.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.