Law Office of Brodsky & Smith, LLC Announces Investigation of Integral Systems, Inc.
May 16 2011 - 10:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Integral Systems, Inc. (“Integral” or the “Company”) (Nasdaq:ISYS)
relating to the proposed acquisition by Kratos Defense &
Security Solutions, Inc. (“Kratos”).
Under the terms of the transaction, Integral shareholders would
receive $5.00 in cash and 0.588 shares of Kratos stock for each
share of common stock they own. The proposed transaction values
Integral at approximately $13.00. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Integral by not acting in Integral
shareholders' best interests in connection with the sale process to
Kratos. The transaction may undervalue Integral as Integral stock
traded at $12.89 on February 7, 2011 and $13.64 as recently as May
10, 2011.
If you own shares of Integral stock and wish to discuss the
legal ramifications of the proposed transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/289-isys-integral-systems-inc.html, or by
calling toll free 877-LEGAL-90.
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