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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Integral Systems, Inc. in Connection with t

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  Published in Science and Technology on Tuesday, May 17th 2011 at 18:40 GMT by Market Wire
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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Integral Systems, Inc. (aIntegrala or the aCompanya) (NASDAQ: ISYS) related to the Companya™s agreement to be acquired by Kratos Defense & Security Solutions, Inc. (aKratosa) in a proposed transaction where Integral shareholders will receive $5.00 in stock and 0.588 shares of Kratos common stock for each share of Integral common stock held. The transaction is valued at approximately $266 million or $13.00 per Integral share.

The investigation concerns whether the board of directors of Integral breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. Specifically, the Company has seen substantial growth over the past year and the offer price represents no premium to Integrala™s closing price of $13.01 on May 13, 2011.

If you are a shareholder of Integral, 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 ].