Lundy Law Commences An Investigation Into The Proposed Acquisition Of iGATE Corporation
Lundy Law is investigating potential claims against the Board of Directors of iGATE Corporation (“iGate” or the “Company”) (NASDAQ: IGTE) for possible breaches of fiduciary duty and other violations of law in connection with the proposed sale of the Company to Capgemini S.A., in a transaction valued at approximately $4 billion. Under the terms of the proposed transaction, iGATE shareholders would receive $48.00 in cash for each share of iGATE they own.
Among other things, the investigation concerns whether the proposed transaction undervalues the Company and whether the Board of Directors of iGate is achieving the best possible value for the Company’s shareholders. Notably, as recently as April 17, 2015, certain analysts set a $55.00 per share price target on iGate stock.
If you own shares of iGate common stock and wish to discuss the legal ramifications of the investigation, or have any questions, contact Lundy Law who will, without obligation or cost to you, answer your questions. For more information you may contact David Promisloff, co-counsel to Lundy Law directly at 1-800-LundyLaw, or visit https://www.lundylaw.com/press-releases/IGTE.
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