An investigation for investors in NASDAQ:ININ shares was announced concerning the takeover of Interactive Intelligence Group Inc for $60.50 per share.
Investors who purchased shares of Interactive Intelligence Group Inc (NASDAQ:ININ) and currently hold any of those NASDAQ:ININ shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of Interactive Intelligence Group Inc breached their fiduciary duties owed to NASDAQ:ININ investors in connection with the proposed acquisition.
On August 31, 2016, Genesys and Interactive Intelligence Group Inc. (Nasdaq:ININ) announced that they have entered into a definitive agreement under which Genesys will acquire Interactive Intelligence in a transaction valued at approximately $1.4 billion. Under the terms of the agreement, Interactive Intelligence shareholders will receive $60.50 per share in cash.
However, given that Dr. Brown, who owns approximately 17% of Interactive Intelligenceshares, has already agreed to vote his shares in favor of the transaction, the investigation concerns whether the offer is unfair to NASDAQ:ININ stockholders. More specifically, the investigation concerns whether the Interactive Intelligence Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of Interactive Intelligence Group Inc (NASDAQ:ININ) closed on September 22, 2016, at $60.24 per share.
Those who are current investors in NASDAQ:ININ shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com