An investigation on behalf of investors of NCI Inc (NASDAQ:NCIT) in connection with the proposed takeover was announced and NASDAQ:NCIT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/12/2017 -- An investigation on behalf of investors, who currently hold shares of NCI Inc (NASDAQ:NCIT), was announced concerning whether the takeover of NCI Inc by an affiliate of H.I.G. Capital, LLC for $20.00 per share is unfair to NASDAQ:NCIT stockholders.
Investors who purchased shares of NCI Inc (NASDAQ:NCIT) and currently hold any of those NASDAQ:NCIT shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of NCI Inc breached their fiduciary duties owed to NASDAQ:NCIT investors in connection with the proposed acquisition.
On July 3, 2017, NCI Inc (NASDAQ:NCIT) announced that it has signed an agreement to be acquired by private funds managed by an affiliate of H.I.G. Capital, LLC in an all-cash transaction valued at approximately $283 million.Under the terms of the definitive agreement H.I.G. Capital, LLC. will commence a tender offer no later than July 17, 2017, to acquire all outstanding shares of NCI's Class A and Class B common stock for $20.00 per share in cash.
However, given that at least one analyst has set the high price target for NASDAQ:NCIT shares at $24.00 per share and given that NASDAQ:NCIT shares traded in the open market on June 30, 2017 as high as $21.35 per share, the investigation concerns whether the offer is unfair to NASDAQ:NCIT stockholders. More specifically, the investigation concerns whether the NCI Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On July 11, 2017, NASDAQ:NCIT shares closed at $20.00 per share.
Those who are current investors in NCI Inc (NASDAQ:NCIT) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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