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ITC Holdings Corp. (ITC)

NYSE:ITC

Summary

Faruqi & Faruqi, LLP Announces the Investigation of ITC Holdings Corp. (ITC) Over the Proposed Sale of the Company to Fortis Inc.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of ITC Holdings Corp. (“ITC” or the “Company”) (NYSE:ITC) for potential breaches of fiduciary duties in connection with the sale of the Company to Fortis Inc. for approximately $11.3 billion. 

The Company’s stockholders will only receive $22.57 in cash and 0.7520 shares of Fortis for each share of Company common stock they own, or approximately $53.69 per share based on the closing price on February 8, 2016.

If you own common stock in ITC and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    ITC Holdings Corp. (ITC)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 02/09/2016

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