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The Briscoe Law Firm Investigates Integral Systems, Inc. for Shareholders Concerning Acquisition by Kratos Defense & Security S

^{Published on 2011-05-16 07:41:30 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of Integral Systems, Inc. (aIntegral Systemsa or aISYSa) (NASDAQ: ISYS) related to the merger of Integral Systems with a subsidiary of Kratos Defense & Security Solutions, Inc. (aKratosa) (NASDAQ: KTOS).

The definitive agreement, which was announced on May 16, 2011, involves a transaction valued at approximately $266 million. Under the proposed buyout, Integral Systems shareholders will receive $5.00 in cash and 0.588 shares of Kratos common stock for each share of Integral Systems/ISYS common stock they hold. The aggregate value to Integral Systems shareholders is only approximately $13.00 per share. The transaction is expected to close in the third quarter of 2011.

The firms are investigating the fairness of the proposed transaction to Integral Systems shareholders, whether the shareholders are being underpaid for their stock, and whether Integral Systemsa™ Board of Directors acted in the shareholdersa™ best interests. Specifically, Integral Systemsa™ shares closed at $13.01 the day prior to the merger announcement, and as recently as May 10, 2011, ISYS shares closed at $13.64 per share. Based on these and other factors, the firms do not believe that the acquisition price is fair to Integral Systems shareholders.

If you currently own shares of Integral Systems/ISYS and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.