Wolf Haldenstein Investigates iPCS, Inc. Proposed Acquisition
20 10월 2009 - 5:00AM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of iPCS, Inc. (“iPCS” or
the “Company”) [NASDAQ:IPCS] arising out of the proposed
acquisition of iPCS by Sprint Nextel Corp. (“Sprint”).
On Monday, October 19, 2009, Sprint and iPCS announced that
Sprint would acquire iPCS in an all cash offer. Under the terms of
the agreement, iPCS stockholders will receive cash of $24 in
exchange for each share of iPCS common stock. However, the Company
may not have adequately shopped itself around before entering into
this transaction and, pursuant to this proposed transaction, Sprint
may be underpaying for iPCS, thus unlawfully harming iPCS
shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own iPCS common stock and you wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Gustavo Bruckner or Derek Behnke Wolf Haldenstein Adler Freeman
& Herz LLP 270 Madison Avenue New York, New York 10016 Phone
Numbers: (800) 575-0735 (212) 545-4600 Email:
bruckner@whafh.com
Classmember@whafh.com
Website:
http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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