Morgan & Morgan Announces the Investigation of the Fairness of the Sale of NTELOS Holdings Corp. - NTLS

Aug 12, 2015, 13:30 ET from Morgan & Morgan

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 info@morgansecuritieslaw.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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Contact: Morgan & Morgan Peter Safirstein, Esq. 28 West 44th Street Suite 2001 New York, NY  10036 1-800-732-5200 info@morgansecuritieslaw.com

 

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