NTELOS ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price and Process in Proposed Sale of NTELOS Holdings Corp.; Encourages Investors to Contact the Firm for Additional Information

SAN DIEGO--(BUSINESS WIRE)--

Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of NTELOS Holdings Corp. NTLS breached their fiduciary duties in connection with the planned merger of the Company with Shenandoah Telecommunications Company. NTELOS provides digital wireless communications services.

On August 10, 2015, NTELOS and Shenandoah announced that they had entered into a definitive merger agreement. Shenandoah will acquire all issued and outstanding shares of NTELOS common stock for $9.25 per share in cash.

The investigation concerns whether the NTELOS board failed to satisfy its duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration, especially given that one Wall Street analyst has a $12.00 price target on the stock which is far more than the $9.25 offer price. NTELOS 52 week high was $13.25.

If you are an NTELOS shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

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