WAYNE, Pa., Feb. 10, 2016 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of ITC Holdings Corp. ("ITC" or the "Company") (NYSE:
ITC) concerning possible breaches of fiduciary duty and other
violations of law related to the Company's efforts to sell the
Company to Fortis Inc. in a transaction valued at approximately
$11.3 billion.
If you own shares of ITC and would like to learn more about this
class action or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/itc. You may also email Mr. Maniskas
at rmaniskas@rmclasslaw.com.
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.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of ITC
for not acting in the Company's shareholders' best interests in
connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more about
the class action process, please visit: www.rmclasslaw.com.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995
Old Eagle School Rd., Suite 311
Wayne, PA 19087
877-316-3218
www.rmclasslaw.com/cases/itc
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP