NEW YORK, May 19, 2015 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of iGate Corp. ("iGate" or the "Company") (Nasdaq: IGTE) for potential breaches of fiduciary duties in connection with the sale of the Company to Cap Gemini S.A. ("Cap Gemini") (PAR: CAP.PA) for approximately $4.0 billion in a cash transaction. The Company's stockholders will receive $48 for each share of iGate common stock they own. This represents a mere 5% premium on iGate's closing price from this past Friday, April 24. In addition, at least one analyst has set a price target of $55.00 for the Company's shares.
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The investigation focuses on whether iGate's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of iGate's shareholders.
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If you own common stock in iGate and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/iGate or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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