SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Exelis, Inc. -XLS

BALA CYNWYD, Pa., Feb. 9, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Exelis, Inc. ("Exelis" or "the Company") (NYSE-XLS-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Harris Corporation ("Harris").

Click here to learn more about the investigation http://brodsky-smith.com/888-xls-exelis-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Exelis shareholders will only receive $16.625 in cash  and 0.1025 of a Harris share for each share of Exelis stock they own. The investigation concerns whether the Board of  Directors of Exelis breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Harris is underpaying for Exelis. The transaction will result in strong cash flow for Harris and they estimate annual savings of between $100 to $120 million.

If you own shares of Exelis common stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail  or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala  Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/888-xls-exelis-inc.html, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE Brodsky & Smith, LLC

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