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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Intelligroup, Inc.

^{Published on 2010-06-15 18:40:20 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Intelligroup, Inc. (aIntelligroupa or the aCompanya) (OTCBB:ITIG) related to the Companya™s agreement to be acquired by NTT DATA Corporation (aNTT DATAa). The proposed all-cash transaction is valued at approximately $199 million.

Under the terms of the merger agreement entered into by the parties, NTT DATA will commence a tender offer to purchase all outstanding shares of Intelligroup common stock for $4.65 per share in cash. The tender offer is scheduled to commence on or before June 22, 2010, and will expire after 20 business days unless the offer is extended. In connection with the offer, SB Asia Infrastructure Fund, LP and Venture Tech Assets Private Ltd, which collectively hold approximately 62.9% of Intelligroupa™s outstanding common stock, have agreed to tender their shares into the offer. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Intelligroupa™s board of directors.

If you own shares of Intelligroup, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].