Robbins Umeda LLP Is Investigating Integral Systems, Inc. Acquisition for Shareholders
May 16 2011 - 8:08PM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
interested in helping shareholders of Integral Systems, Inc.
(NADSAQ: ISYS). The firm has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by members of the board of directors of Integral Systems in
connection with their efforts to sell Integral Systems to Kratos
Defense & Security Solutions, Inc. (NASDAQ: KTOS).
If you own stock in Integral Systems and would like more
information about your shareholder rights, please contact Gregory
E. Del Gaizo at 800-350-6003 or via the shareholder information
form on our website.
On May 16, 2011, Kratos announced it has entered into a
definitive agreement to acquire all outstanding shares of stock of
Integral Systems. Under the terms of the agreement, Integral
Systems shareholders will receive $5.00 per share in cash and 0.588
shares of Kratos common stock, representing approximately $13.00
per share. The transaction is expected to be completed in the third
quarter of calendar year 2011.
The investigation focuses on whether Integral Systems's board is
undertaking a fair process to obtain maximum value for its
shareholders. On May 12, 2011, Integral Systems reported second
quarter 2011 revenue results that beat analyst expectations.
Further, Integral Systems traded and closed over the offer price as
recently as May 13, 2011.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
firm's skilled litigation teams include former federal prosecutors,
former defense counsel from top multinational corporate law firms,
and career shareholder rights attorneys. Robbins Umeda LLP has
helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. For more
information, please go to http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/integral-systems-inc/
Attorney Advertising. Past results do not guarantee a similar
outcome.
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