S1 (SONE) ACI Versus Fundtech Shareholder Lawsuit

S1 Corporation (SONE) is being courted by Fundtech and ACI Worldwide, Inc.

S1 Corp.'s board recently rejected ACI Worldwide Inc.'s (ACIW) $540 million takeover offer,in favor of a deal proffered by Tel Aviv based Fundtech Ltd. (FNDT). ACI's a large payments systems provider is in a fight to acquire S1with Fundtech, which licenses software products to banks.

ACI believes that acquiring S1 will lift its profile enterprise payment software industry and believes that its 540M offer is superior to that made by Fundtech.

Fundtech seeks to combine the two operations in a stock-for-stock deal that it earlier publicly valued $318 million.

Kyros Law a Boston-based law firm has launched an investigation concerning potential legal claims against the Board of Directors in this proposed deal involving S1.

The investigation concerns whether the Board of Directors of S1 breached their fiduciary duties to stockholders by failing taking the best interests of S1 shareholders in these proposed transactions, and whether the Company has disclosed all material information to shareholders about the transaction.

Own shares of S1? Concerned about these insider deals? Call us to act now.

The Company has seen substantial recent growth. Further, at least one analyst has set a target price for the S1 stock at $13.00.

If you are a shareholder of any amount of S1 stock please call Attorney Bill Kyros at 1-800-934-2921 to discuss your rights.

Merger Lawsuits (see Our Main Page): In these types of cases even small shareholders may bring claims against officers and directors of a company for violation of fiduciary duties related to these large corporate transactions. The goals of taking legal action are to increase the deal price, require public disclosure of important facts related to the transaction (which helps investors decide whether to approve the deal), improve the actual terms of the deal, and to ensure fairness to all shareholders.

Kyros Law is a Boston-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For info about our law firm please our Kyros Law web site.