NEW YORK, Aug. 12, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of NTELOS Holdings Corp. ("NTELOS" or the "Company") (NasdaqGS: NTLS) concerning possible breaches of fiduciary duty and other violations of law related to the sale of the Company to Shenandoah Telecommunications in a transaction valued at approximately $640 million.
If you own shares of NTELOS and would like to learn more about the NTELOS shareholder investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email email@example.com.
Under the terms of the transaction, NTELOS shareholders will receive $9.25 in cash for each share of NTELOS common stock they own, which is significantly lower than the 52-week high and at least one analyst's estimated value of $12.00 per share. The investigation relates to whether the sale is fair to the public shareholders and if the Company's Board of Directors breached their fiduciary duties to shareholders.
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