An investigation on behalf of investors of Interactive Intelligence Group Inc (NASDAQ:ININ) in connection with the proposed takeover was announced and NASDAQ:ININ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/16/2016 -- An investigation on behalf of investors, who currently hold shares of Interactive Intelligence Group Inc (NASDAQ:ININ), was announced over 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 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 15, 2016, at $60.15 per share.
Those who are current investors in Interactive Intelligence Group Inc 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