SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of NTELOS Holdings Corp. And Encourages Inv...
11 August 2015 - 11:55PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of NTELOS Holdings Corp. (“NTELOS” or
the “Company”) (NasdaqGS: NTLS) relating to the proposed buyout of
the Company by Shenandoah Telecommunications Company.
Under the terms of the transaction, NTELOS shareholders are
anticipated to receive $9.25 in cash for each share of NTELOS
common stock held. The transaction may undervalue NTELOS and may
result in a substantial loss for many shareholders. For example,
according to Yahoo! Finance, at least one Wall Street analyst has
issued a price target for NTELOS stock at $12.00 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of NTELOS and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20150811006368/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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