WASHINGTON, Oct. 7, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of ICT Group, Inc. ("ICTG" or the "Company") (Nasdaq:ICTG) arising from the Company's announcement of its intent to merge with Sykes Enterprises, Inc. ("Sykes").
On October 6, 2009, ICTG announced the execution of a definitive merger agreement with Sykes. Under the merger agreement, holders of ICTG stock will receive $7.69 in cash and between 0.3432 and 0.3978 shares of Sykes stock for each share of ICTG common stock owned.
The investigation is focused on the potential unfairness of the price and the process by which the ICTG Board of Directors is addressing the transaction. The ICTG Board of Directors, as holders of restricted stock units, will receive $15.38 in cash for each restricted stock unit held at the merger's consummation.
If you are interested in discussing your rights as an ICTG shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
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