BALA CYNWYD, Pa., Nov. 23, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Inteliquent,
Inc. ("Inteliquent" or "the Company") (NASDAQ: IQNT) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to affiliates of private
equity firm GTCR, LLC. ("GTCR").
Click here to learn more
http://www.brodskysmith.com/cases/inteliquent-inc-nasdaq-iqnt/, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Inteliquent shareholders
will receive only $23.00 in cash for
each share of Inteliquent stock they own. The investigation
concerns whether the Board of Inteliquent breached their
fiduciary duties to shareholders and whether GTCR is underpaying
for the Company. The transaction may undervalue the Company and
would result in no real gain for many Inteliquent shareholders. For
example, Inteliquent stock traded at $22.52 per share on October 28, 2015 and analyst has set a
$24.00 per share price target for
Inteliquent stock.
If you own shares of Inteliquent stock 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://www.brodskysmith.com/cases/inteliquent-inc-nasdaq-iqnt/, 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.
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SOURCE Brodsky & Smith, LLC