Robbins Umeda LLP Is Investigating Integral Systems, Inc. Acquisition for Shareholders
Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of Integral Systems, Inc. (NADSAQ: ISYS). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Integral Systems in connection with their efforts to sell Integral Systems to Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS).
On May 16, 2011, Kratos announced it has entered into a definitive agreement to acquire all outstanding shares of stock of Integral Systems. Under the terms of the agreement, Integral Systems shareholders will receive $5.00 per share in cash and 0.588 shares of Kratos common stock, representing approximately $13.00 per share. The transaction is expected to be completed in the third quarter of calendar year 2011.
The investigation focuses on whether Integral Systems’s board is undertaking a fair process to obtain maximum value for its shareholders. On May 12, 2011, Integral Systems reported second quarter 2011 revenue results that beat analyst expectations. Further, Integral Systems traded and closed over the offer price as recently as May 13, 2011.
If you own stock in Integral Systems and would like more information about your shareholder rights, please complete the form below and we will contact you directly. We also welcome you to call us at 800-350-6003.