An investor in NASDAQ:ININ shares was announced concerning whether the takeover of Interactive Intelligence Group Inc by Genesys 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 plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:ININ stockholders by agreeing to sell Interactive Intelligence Group Inc too cheaply via an unfair process to Genesys.
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, plaintiff claims that the proposed consideration Nasdaq:ININ shareholders will receive is grossly inadequate and undervalues Interactive Intelligence Group Inc. In addition, the plaintiff alleges that the process is also unfair to Nasdaq:ININ stockholders. Indeed, Dr. Brown, who owns approximately 17% of Interactive Intelligenceshares, has already agreed to vote his shares in favor of the transaction.
Shares of Interactive Intelligence Group Inc (NASDAQ:ININ) closed on November 9, 2016, at $60.45 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