SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Interactive Intelligence Group Inc. And ...
September 02 2016 - 11:55PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Interactive Intelligence Group
Inc. (Nasdaq: ININ) (“Interactive Intelligence” or the “Company”)
relating to the proposed buyout of Interactive Intelligence by
Genesys Telecommunications Laboratories Inc.
Under the terms of the agreement, Interactive Intelligence
shareholders are anticipated to receive $60.50 in cash for each
share of Interactive Intelligence common stock held. The firm’s
investigation seeks to determine, among other things, whether the
Company’s Board of Directors failed to satisfy their duties to
shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the
best price possible for the Company’s shares of common stock.
For example, according to Yahoo! Finance, at least one Wall
Street analyst has issued a price target for Interactive
Intelligence stock at $67.00 per share.
If you currently own common stock of Interactive Intelligence
and believe that the proposed buyout price is too low, or you would
like to learn more about the investigation being conducted by
Brower Piven, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160902005655/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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