Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Integral Systems, Inc. - ISYS
May 17 2011 - 3:20PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Integral Systems, Inc. (“Integral Systems” or the
“Company”) (NasdaqGS: ISYS) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Kratos Defense & Security Solutions, Inc. (“Kratos”)
(NasdaqGS: KTOS) for approximately $225 million in cash and stock.
The proposed transaction offers Integral Systems shareholders $5 in
cash and 0.588 of share of Kratos common stock for each share they
hold, valuing the Company’s stock at about $12.34 a share based on
Monday’s close. According to Yahoo! Finance, at least one financial
analyst values Integral Systems at $13 a share.
Request more information now by clicking here:
www.faruqilaw.com/ISYS.
Whether the Integral Systems’ Board of Directors breached their
fiduciary duties to Integral Systems’ stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues Integral Systems’ shares and by
how much this proposed transaction undervalues the Company to the
detriment of Integral Systems shareholders are the key focus of
this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Integral Systems and wish to obtain
additional information, please visit us at www.faruqilaw.com/ISYS
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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