Cases
Inteliquent, Inc. (NASDAQ: IQNT)
Merger
Overview
Overview
- Date:
- 12/19/2016
- Company Name:
- Inteliquent, Inc.
- Stock Symbol:
- IQNT
- Company Name - Buyer:
- GTCR, LLC
- Class Period:
- FROM 12/15/2016
- Status:
- Closed/Complete
- Merger Announcement Date:
- 11/2/2016
- Court:
- U.S. District Court: District of Northen Illinois
NEW YORK, December 19, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Illinois Northern District Court on behalf of all persons or entities who held Inteliquent, Inc. (NASDAQ: IQNT) securities on December 15, 2016 (the “Class Period”).
On November 2, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which GTCR, LLC will acquire Inteliquent, Inc. in a merger in a deal. As a result of the merger, Inteliquent shareholders are anticipated to receive $23.00 in cash per Inteliquent share.
The complaint alleges that the company: (1) failed to conduct a fair sales process, (2) failed to disclose how much this proposed transaction undervalues the company, (3) unfairly rewards Inteliquent directors and officers if the transaction is completed, and (4) failed to disclose all material information regarding the sale of the company.
If you held Inteliquent securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On November 2, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which GTCR, LLC will acquire Inteliquent, Inc. in a merger in a deal. As a result of the merger, Inteliquent shareholders are anticipated to receive $23.00 in cash per Inteliquent share.
The complaint alleges that the company: (1) failed to conduct a fair sales process, (2) failed to disclose how much this proposed transaction undervalues the company, (3) unfairly rewards Inteliquent directors and officers if the transaction is completed, and (4) failed to disclose all material information regarding the sale of the company.
If you held Inteliquent securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.