Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of iPCS Inc.
October 28, 2009 at 20:17 PM EDT
Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of iPCS Inc. (“iPCS” or the “Company”) (Nasdaq: IPCS) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by iPCS’s Board of Directors to sell all of the Company’s outstanding shares of common stock at a price of $24.00 per share in cash to Sprint Nextel Corporation (“Sprint”).
If you own common stock of iPCS and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.
The investigation concerns the price to be paid by Sprint to iPCS shareholders and the process by which iPCS’s Board of Directors is addressing the transaction. The median price target for iPCS common stock set by analysts is $25.00 per share, and the iPCS board of directors agreed to a non-solicitation provision and a $12.5 million termination fee which all but ensures that no superior offers will be forthcoming.
If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to email@example.com or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.
Attorney advertising. Prior results do not guarantee a similar outcome.