NYSE
ITC

ITC Holdings Corp.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of ITC Holdings Corp. (NYSE: ITC) Buyout

Rigrodsky & Long, P.A. 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. (“Fortis”) (TSX: FTS.TO), 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.

The investigation concerns whether ITC’s board of directors failed to adequately shop the Company and obtain the best possible value for ITC’s shareholders before entering into an agreement with Fortis.

If you own the common stock of ITC and purchased your shares before February 9, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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