NEW YORK, Oct. 30, 2013 /PRNewswire/ -- Juan 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 NTS, Inc. ("NTS" or the "Company") (NTS) for potential
breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Tower Three Partners LLC in a
cash deal valued at approximately $83
million. Under the terms of the proposed transaction, NTS
stockholders will receive $2.00 for
each share of NTS common stock they own.
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www.faruqilaw.com/NTS. There is no cost or obligation to
you.
The investigation focuses on whether NTS's 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
NTS's shareholders.
Faruqi & 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.
If you own common stock in NTS, Inc. and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/NTS or contact
Juan E. Monteverde, Esq. either via
e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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