[February 12, 2016]

INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of ITC Holdings Corp. and Encourages Investors to Contact the Firm for Additional Information

The securities litigation law firm of Brower Piven, A Professional Corporation, announces that it is investigating potential legal claims against the board of directors of ITC Holdings Corp. ("ITC" or the "Company") (NYSE: ITC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Fortis Inc., in a transaction valued at approximately $11.3 billion.

Under the terms of the agreement, shareholders of ITC will receive 0.7520 shares of Fortis stock and $22.57 in cash for each share of ITC common stock they own. The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequtely pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.

If you currently own common stock of ITC and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160212005860/en/

[ Back To TMCnet.com's Homepage ]