Robbins Arroyo LLP Is Investigating the Officers & Directors of Interactive Intelligence Group, Inc. (ININ) on Behalf of Shar...
December 05 2016 - 8:29PM
Business Wire
Shareholder rights law firm Robbins Arroyo LLP is investigating
whether certain officers and directors of Interactive Intelligence
Group, Inc. (NASDAQGS: ININ) breached their fiduciary duties to
shareholders in connection with the sale of the company to Genesys
Telecommunications Laboratories, Inc. ("Genesys"). Interactive
Intelligence provides software and cloud services for customer
engagement, communications, and collaboration worldwide.
Interactive Intelligence Undervalues Company in
Transaction
On August 31, 2016, Interactive Intelligence announced that it
had signed a definitive merger agreement with Genesys. Under the
terms of the transaction, Interactive Intelligence shareholders
will receive $60.50 per share in cash. However, the Interactive
Intelligence board of directors may not have adequately pursued
alternatives to the acquisition or obtained the best possible price
for Interactive Intelligence shares of common stock. For example,
Interactive Intelligence stock traded at $80.47 per share on
January 30, 2014, and a Wall Street analyst set a $67.00 per share
price target for the company's stock. The transaction appears to
undervalue the company and will result in a loss for Interactive
Intelligence shareholders.
View this press release on the law firm's Shareholder Rights
Blog:
www.robbinsarroyo.com/shareholders-rights-blog/interactive-intelligence-group-inc
Interactive Intelligence Shareholders Have Legal
Options
Concerned shareholders who would like more information about
their rights and potential remedies can contact attorney Darnell R.
Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits, and has helped its clients realize more than
$1 billion of value for themselves and the companies in which they
have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161205006400/en/
Robbins Arroyo LLPDarnell R. Donahue(619) 525-3990 or Toll Free
(800) 350-6003DDonahue@robbinsarroyo.comwww.robbinsarroyo.com
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