BENSALEM, Pa., Feb. 3, 2009 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of APAC Customer Services, Inc. ("APAC" or the "Company") (Nasdaq:APAC), concerning possible breaches of fiduciary duty and other violations of law related to a proposal from Tresar Holdings LLC to acquire all of the outstanding shares of common stock of APAC, other than those shares held by Theodore G. Schwartz, the Company's founder and current Chairman of the Board, and certain related holders, who own approximately 49% of the Company's outstanding common stock. Under the terms of the agreement, APAC shareholders will receive $1.61 cash for each share they hold of APAC, or approximately $81.4 million. As APAC shares traded as high as $1.36 per share as recently as January 30, 2009, the transaction appears to be unfair and an undervaluation of the Company.
If you own the common stock of APAC, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.