WILMINGTON, Del., April 28, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of iGATE Corporation (NASDAQ GS: IGTE)?
- Did you purchase any of your shares prior to April 27, 2015?
- Do you think the proposed buyout price 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 iGATE Corporation ("iGATE" or the "Company") (NASDAQ GS: IGTE) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Capgemini S.A. ("Capgemini"), in a transaction valued at approximately $4 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/igate-corporation-igte-buyout.
Under the terms of the agreement, public shareholders of iGATE would receive $48.00 in cash for each share of iGATE they own.
The investigation concerns whether iGATE's board of directors failed to adequately shop the Company and obtain the best possible value for iGATE's shareholders before entering into an agreement with Capgemini. According to Yahoo! Finance, at least one analyst has issued a price target for iGATE stock at $55.00 per share.
If you own the common stock of iGATE and purchased your shares before April 27, 2015, 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 [email protected], or at: http://www.rigrodskylong.com/investigations/igate-corporation-igte-buyout.
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.
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SOURCE Rigrodsky & Long, P.A.