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.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to shareholder rights, the firm also
practices in the areas of antitrust, personal injury, consumer
protection, overtime, and product liability. All of the
Firm's legal endeavors are rooted in its core mission: provide
investor and consumer protection and always fight "for the
people."
Attorney advertising. Prior results do not guarantee a
similar outcome.
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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SOURCE Morgan & Morgan