BALA CYNWYD, Pa., April 27, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of iGATE
Corporation ("iGATE" or "the Company") (Nasdaq-IGTE-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Cap Gemini S.A.
("Cap Gemini").
Click here to learn more about the investigation
http://brodsky-smith.com/924-igte-igate-corporation.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, iGATE shareholders will
receive only $48.00 in cash for each
share of iGATE stock they own. The investigation concerns whether
the Board of iGATE breached their fiduciary duties to
shareholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Cap Gemini is
underpaying for iGATE. The transaction may both undervalue iGATE
and raises potential conflicts of interests as iGATE co-founders
and co-chairmen could collecting more than $1 billion dollars between them. In addition,
iGATE has been recording double-digit growth and has a 19%
operating margin. Consequently an analyst has placed a $55.00 per share price target on iGATE stock.
If you own shares of iGATE and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/924-igte-igate-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC