BALA CYNWYD, Pa., April 27, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of iGATE Corporation ("iGATE" or "the Company") (Nasdaq-IGTE-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cap Gemini S.A. ("Cap Gemini").
Click here to learn more about the investigation http://brodsky-smith.com/924-igte-igate-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, iGATE shareholders will receive only $48.00 in cash for each share of iGATE stock they own. The investigation concerns whether the Board of iGATE breached their fiduciary duties to shareholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cap Gemini is underpaying for iGATE. The transaction may both undervalue iGATE and raises potential conflicts of interests as iGATE co-founders and co-chairmen could collecting more than $1 billion dollars between them. In addition, iGATE has been recording double-digit growth and has a 19% operating margin. Consequently an analyst has placed a $55.00 per share price target on iGATE stock.
If you own shares of iGATE and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/924-igte-igate-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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