SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of iGATE Corporation
April 28 2015 - 5:45AM
Business Wire
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) 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 be collecting
more than $1 billion 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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/924-igte-igate-corporation.html
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