SHAREHOLDER ALERT - LAW FIRM ANNOUNCES INVESTIGATION
NEW YORK, Oct. 21, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of NTS, Inc. on behalf of shareholders. NTS, Inc. (NYSE MKT:NTS) (NTS.TA) ("NTS" or "the Company"), announced that it has entered into a definitive merger agreement with affiliates of private equity firm Tower Three Partners LLC ("Tower Three").
Under the terms of the merger agreement, an affiliate of Tower Three will acquire all outstanding shares of NTS common stock (other than certain shares held by Guy Nissenson, the Company's Chairman, President and CEO) for $2.00 per share in cash.
The investigation concerns whether Mr. Nissenson and other other members of the board breached their fiduciary interests in selling the company to Nissenson and Tower Three for inadequate consideration through an unfair process to allow Nissenson to acquire the Company for his own self interests' at the expense of NTS shareholders.
If you would like additional information as to how this acquisition by the CEO of NTS affects your rights as a shareholder, please contact us at:
This has to be voted on,the party may get bigger! Lots of people will make a ton of this deal but if they were smart they would hold and not sell by voting no !!!! This company will make all of use more $$$$$ down the road. My 12000 shares are voting not to sell. Use your brains,why do you think these people want to takes this private?