The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Integral S...
May 17 2011 - 5:24PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Integral Systems, Inc. (Nasdaq: ISYS) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Kratos Defense &
Security Solutions Inc. (Nasdaq: KTOS). Under the terms of the
proposed transaction, Integral Systems shareholders will receive
$5.00 in cash and 0.588 shares of Kratos common stock per share of
Integral Systems stock they own. Based on the prior closing prices,
the transaction values Integral Systems stock at $13.00 per share
for a total transaction value of approximately $225 million.
The investigation concerns whether the Integral Systems Board of
Directors breached their fiduciary duties to Integral Systems
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Kratos Defense &
Security Solutions Inc. is underpaying for Integral Systems
shares.
If you own common stock in Integral Systems and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/integral-systems.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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