IGATE CORP. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of iGate Corp. Over the Proposed Sale of the Com...
April 30 2015 - 5:29PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of iGate Corp.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of iGate Corp. (“iGate” or the
“Company”) (Nasdaq:IGTE) for potential breaches of fiduciary duties
in connection with the sale of the Company to Cap Gemini S.A. (“Cap
Gemini”) (PAR: CAP.PA) for approximately $4.0 billion in a cash
transaction. The Company’s stockholders will receive $48 for each
share of iGate common stock they own. This represents a mere 5%
premium on iGate’s closing price from this past Friday, April 24.
In addition, at least one analyst has set a price target of $55.00
for the Company’s shares.
Click here for more information:
www.faruqilaw.com/iGate. There is no cost or obligation
to you.
The investigation focuses on whether iGate’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of iGate’s shareholders.
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, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in iGate and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/iGate 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) 2015 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.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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