Case Details for "Iowa Telecommunications Services, Inc. "

Investigation of Iowa Telecommunications Services, Inc.

Lawyers are investigating potential claims on behalf of shareholders of Iowa Telecommunications Services, Inc. (NYSE: IWA) arising from the Company's announcement of its intent to be acquired by Windstream Corporation. Under the terms of the proposed agreement, Iowa Telecom shareholders will receive 0.804 shares of Windstream stock and $7.90 in cash per each Iowa Telecom share in a transaction with a total value of $1.1 billion.

The investigation is focused on the potential unfairness of the price to Iowa Telecom shareholders and the process by which the Company's Board of Directors considered and approved the transaction. In particular, based on the closing price of Windstream on November 23, 2009, the transaction appears to value Iowa Telecom shares at approximately $16.04, a price less than Iowa Telecom's 52-week high.

Posted on:12/01/2009
Company: Iowa Telecommunications Services, Inc.
Affected Class: Current shareholders
Scope: Nationwide

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