Glancy Binkow & Goldberg LLP Announces Investigation of INX, Inc.
November 01 2011 - 12:31PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
INX, Inc. (“INX” or the “Company”) (NASDAQ: INXI) related to the
proposed acquisition of the Company by Presidio, Inc. The
transaction is valued at approximately $85 million or $8.75 per
share.
The investigation concerns whether the Board of Directors of INX
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Its share price has sky
rocketed from $5.10 on April 15, 2011 to $8.43 on August 3,
2011.
If you are a shareholder of INX, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Inx Inc. (MM) (NASDAQ:INXI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Inx Inc. (MM) (NASDAQ:INXI)
Historical Stock Chart
From Jul 2023 to Jul 2024