Company Website:
http://www.rigrodskylong.com
WILMINGTON, Del. -- (Business Wire)
Rigrodsky & Long, P.A.:
- Do you own shares of ITC Holdings Corp. (NYSE: ITC)?
- Did you purchase any of your shares prior to February 9, 2016?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of ITC Holdings Corp. (“ITC” or
the “Company”) (NYSE: ITC)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Fortis Inc. (“Fortis”) (TSX: FTS.TO),
in a transaction valued at approximately $11.3 billion.
Click here to learn more: http://rigrodskylong.com/investigations/itc-holdings-corp-itc.
Under the terms of the agreement, shareholders of ITC will receive
0.7520 shares of Fortis stock and $22.57 in cash for each share of ITC.
The investigation concerns whether ITC’s board of directors failed to
adequately shop the Company and obtain the best possible value for ITC’s
shareholders before entering into an agreement with Fortis.
If you own the common stock of ITC and purchased your shares before
February 9, 2016, if you have information or would like to learn more
about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com,
or at: http://rigrodskylong.com/investigations/itc-holdings-corp-itc.
Rigrodsky
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160209006237/en/
Contacts:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
888-969-4242
302-295-5310
Fax:
302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com
Source: Rigrodsky & Long, P.A.
© 2024 Canjex Publishing Ltd. All rights reserved.