Harwood Feffer LLP Announces Investigation of ITC Holdings Corp.

Feb 09, 2016, 15:20 ET from Harwood Feffer LLP

NEW YORK, Feb. 9, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of ITC Holdings Corp. ("ITC" or the "Company") (NYSE: ITC) concerning the proposed acquisition of the Company by Fortis Inc. ("Fortis").

Under the terms of the offer, Fortis would acquire ITC in a transaction valued at approximately $6.9 billion. Pursuant to the deal, ITC stockholders would receive $22.57 in cash and 0.752 Fortis share per share of ITC owned.       

Our investigation concerns whether the ITC board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own ITC shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com  Website: http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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