A lawsuit was filed for investors in shares of Interactive Intelligence Group Inc (NASDAQ:ININ) in connection with the proposed takeover and NASDAQ:ININ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/03/2016 -- The Shareholders Foundation announces that an investor who currently holds shares of Interactive Intelligence Group Inc (NASDAQ:ININ), 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 firstname.lastname@example.org or call 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 Intelligence shares, has already agreed to vote his shares in favor of the transaction.
Shares of Interactive Intelligence Group Inc (NASDAQ:ININ) closed on November 2, 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.
Shareholders Foundation, Inc.
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