ICTG Ict Grp., Inc. (MM)

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of ICT Group, Inc. (“ICT” or the “Company”) (Nasdaq: ICTG) relating to the proposed acquisition by Sykes Enterprises, Inc. (“Sykes”). Sykes has agreed to acquire ICT in a combination stock and cash deal valued at approximately $263 million.

Under the proposed agreement, ICT shareholders will receive $7.69 in cash and $7.69 in stock for every share of ICT common stock they own. Further, John J. Brennan, Donald Brennan and Eileen Brennan Oakley, who own 39 percent of ICT’s outstanding stock, have agreed to vote their shares in favor of the transaction. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the ICT board’s approval of the proposed merger. The transaction appears to be unfair, in part, given that ICT stock was trading at $12.00 a share as recently as August 26, 2009.

If you own shares of ICT and wish to discuss the legal ramifications of the proposed acquisition by Sykes, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

Ict Grp., Inc. (MM) (NASDAQ:ICTG)
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