Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Vocus, Inc. regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by GTCR LLC (GTCR), in a transaction valued at approximately $446.5 million. Vocus, Inc. (NASDAQ:VOCS) shares after opening at $17.91 moved to $17.98 on last trade day and at the end of the day closed at $17.97. Company price to sales ratio in past twelve months was calculated as 2.08 and price to cash ratio as 11.20. Vocus, Inc. (NASDAQ:VOCS) showed a positive weekly performance of 47.54%.
iGATE (NASDAQ:IGTE) announced its earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04, Analyst Ratings Network reports. The company had revenue of $302.20 million for the quarter, compared to the consensus estimate of $300.82 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis.iGATE Corporation (NASDAQ:IGTE) shares fell -5.82% in last trading session and ended the day on $36.40. IGTE return on equity ratio is recorded as 146.90% and its return on assets is 5.30%. iGATE Corporation (NASDAQ:IGTE) yearly performance is 106.23%.
KT Corporation (ADR) (NYSE:KT)made the announcement Tuesday after coming to an agreement with its labor union.The voluntary resignation system will target those who have worked at the company for at least 15 years.That applies to about 70 percent of KT’s workforce, or about 23-thousand people.KT Corporation (ADR) (NYSE:KT) shares moved up 0.26% in last trading session and was closed at $15.46, while trading in range of $15.36-$15.49. KT Corporation (ADR) (NYSE:KT) year to date performance is 3.97%.