Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Iowa Telecommunications Services, Inc.
24 Novembro 2009 - 4:39PM
Business Wire
Attorney Advertising. Notice is hereby given that Stull, Stull
& Brody has commenced an investigation on behalf of
shareholders of Iowa Telecommunications Services, Inc. (“Iowa
Telecom” or the “Company”) (NYSE: IWA) for possible breaches of
fiduciary duty and other violations of state law in connection with
an agreement by the Company’s Board of Directors to sell all of the
Company’s outstanding shares of common stock to Windstream
Corporation (“Windstream”) (NYSE: WIN) in a stock and cash
transaction valued at approximately $16.04 per Iowa Telecom
share.
If you own common stock of Iowa Telecom and wish to obtain
additional information about this matter, please contact Stull,
Stull & Brody at the toll-free number listed below. Stull,
Stull & Brody has litigated many class actions for violations
of securities laws and breaches of fiduciary duty on behalf of
defrauded investors over the past 40 years and has obtained court
approval of substantial settlements on numerous occasions.
The current investigation concerns the price to be paid by
Windstream to Iowa Telecom shareholders and the process by which
Iowa Telecom’s Board of Directors is addressing the transaction.
Under the terms of the proposed transaction, Iowa Telecom’s
shareholders will receive $7.90 in cash and 0.804 shares of
Windstream common stock, for total per share consideration of
approximately $16.04 per Iowa Telecom share, based upon
Windstream’s closing stock price on November 23, 2009. The focus of
the current investigation is on whether the Iowa Telecom Board of
Directors breached its fiduciary duty to the Company’s shareholders
by agreeing to sell the Company at an unfair price.
If you wish to discuss this matter or have any questions
concerning this notice or your rights or interests with respect to
this matter, please contact Tzivia Brody, Esq. at Stull, Stull
& Brody by calling 1-800-337-4983 or 1-212-687-7230, or by
email to iowatelecom@ssbny.com or by writing to Stull, Stull &
Brody, 6 East 45th Street, New York, NY 10017.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Iowa Telecom (NYSE:IWA)
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