Harwood Feffer LLP Announces Investigation of Integral Systems, Inc.
May 16 2011 - 3:05PM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
Integral Systems, Inc. (“Integral Systems”) (NASDAQ: ISYS) for
possible breaches of fiduciary duty and other violations of state
law in connection with Integral Systems’ entry into a definitive
merger agreement to be acquired by Kratos Defense & Security
Solutions Inc. Under the terms of the merger agreement, holders of
outstanding shares of Integral Systems common stock will receive
$5.00 in cash and 0.5888 shares of Kratos common stock per share of
Integral Systems common stock. The merger agreement has been
unanimously approved by the board of directors of both Integral
Systems and Kratos and is expected to close in the third quarter of
this year.
Our investigation concerns whether the board of directors of
Integral Systems breached their fiduciary duties of good care, good
faith and entire fairness owed to Integral Systems’ stockholders by
unanimously approving the merger agreement without undertaking an
adequate process to obtain fair consideration for all of Integral
Systems’ stockholders.
If you own shares of Integral Systems common stock and would
like to learn more about these claims or if you wish to discuss
this matter and have any questions or information concerning this
announcement, please contact Robert I. Harwood, Esq. at
rharwood@hfesq.com or Craig Lowther at clowther@hfesq.com. You may
also call them at (212) 935-7400. For more information about class
actions, or to sign up online, please visit our website:
www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm.
Harwood Feffer LLP is devoted to protecting the interests of
individual and institutional investors in shareholder actions in
state and federal courts nationwide.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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