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NTS, Inc. Common Stock Message Board

  • jane.rockets jane.rockets Oct 21, 2013 3:35 PM Flag

    SHAREHOLDER ALERT - LAW FIRM ANNOUNCES INVESTIGATION

     

    FYI...

    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:

    Tripp Levy PLLC
    1-877-772-3975

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