NEW YORK, April 28, 2015 /PRNewswire/ -- The fairness of
the proposed acquisition of iGate Corporation ("IGTE" or the
"Company") by Cap Gemini S.A. ("Cap Gemini") is being investigated
by WeissLaw LLP, a national class action, shareholder rights law
firm. The investigation focuses on possible breaches of
fiduciary duty and other violations of law by the Board of
Directors of IGTE for agreeing to sell the Company to Cap
Gemini. On April 27, 2015, the
Company announced a definitive agreement for Cap Gemini to acquire
IGTE in a transaction valued at $4.04
billion. Under the terms of the agreement, IGTE
shareholders will receive $48 in cash
for each IGTE share they own.
WeissLaw is investigating whether IGTE's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the offer price represents a premium of less 5% over the
Company stock's April 24, 2015
trading price of $45.93.
Additionally, prior to announcement, at least one analyst set a
target price of $55.00 per IGTE
share, or $7.00 above the offer
price.
Given these facts, WeissLaw is investigating whether IGTE's
Board acted in the best interests of IGTE's public shareholders by
actively shopping the Company to maximize shareholder value prior
to entering into the agreement with Cap Gemini. If you own
IGTE shares and would like more information about your rights or
our investigation, or if you have information to share with us,
please contact Joshua Rubin or
Kelly Keenan by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a
similar outcome.
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SOURCE WeissLaw LLP