ITC HOLDINGS CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
February 09 2016 - 10:40AM
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/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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