|[October 29, 2013]
INVESTORS CAPITAL SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Investors Capital Holdings, Ltd. (ICH) Over the Proposed Sale of the Company to RCS Capital Corporation (RCAP)
NEW YORK --(Business Wire)--
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Investors
Capital Holdings, Ltd. ("Investors Capital" or the "Company") (NYSE MKT:
ICH) for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to RCS Capital Corporation in
a cash or stock deal valued at approximately $52.5 million. Under the
terms of the proposed transaction, Holders of Investors Capital Common
Stock who elect to receive cash will receive $7.25 per share of
Investors Capital Common Stock. Holders of Investors Capital Common
Stock who elect to receive shares of RCAP's Class A common stock will
receive a number of such shares equal to the quotient of $7.25 divided
by the volume weighted average trading price of a share of RCAP's Class
A common stock for the five consecutive trading days immediately
preceding the closing of the Merger.
Request more information now by clicking here: www.faruqilaw.com/ICH.
There is no cost or obligation to you.
The investigation focuses on whether Investors Capital Board of
Directors breached their fiduciary duties to the Company's stockholders
by failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Investors Capital shareholders.
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients. To
keep track of the latest securities litigation news, follow us on
Twitter (News - Alert) at www.twitter.com/MergerActivity
or on Facebook (News - Alert) at www.facebook.com/FaruqiLaw.
If you own common stock in Investors Capital and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/ICH
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
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