Levi & Korsinsky is investigating the Board of Directors of Integral Systems, Inc. (Nasdaq: ISYS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kratos Defense & Security Solutions Inc.
New York, NY, May 17, 2011 — Levi & Korsinsky is investigating the Board of Directors of Integral Systems, Inc. (“Integral Systems” or the “Company”) (Nasdaq: ISYS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS). Under the terms of the transaction, Integral Systems shareholders will receive $5.00 in cash and 0.588 shares of Kratos common stock per share of Integral Systems stock they own, for an implied share value of approximately $13.00. The transaction has a total value of approximately $225 million.
Click here to learn how to join the action: http://zlk.9nl.com/integral-systems/, or call: 877-363-5972.
The investigation concerns whether the Integral Systems Board of Directors breached their fiduciary duties to Integral Systems stockholders by failing to adequately shop the Company before entering into this transaction and whether Kratos Defense & Security Solutions Inc. is underpaying for Integral Systems shares, thus unlawfully harming Integral Systems stockholders. In particular, Integral Systems stock traded as high as $13.67 per share as recently as May 11, 2011.
If you own common stock in Integral Systems and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/integral-systems/.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street – 15th Floor , New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, http://www.zlk.com
Press Release Distribution By PressReleasePoint
Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St
15th Floor
New York, NY 10004
212-363-7500
[email protected]
