Law Firm Brower Piven Announces Investigation of INX, Inc.
November 02 2011 - 11:44AM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of INX, Inc. (“INX”) (NasdaqGM: INXI) and
other violations of state law by the board of directors of INX
relating to the proposed acquisition of the company by Presidio
Inc. (“Presidio”). The firm’s investigation seeks to determine,
among other things, whether the board breached their fiduciary
duties by failing to maximize shareholder value.
On November 1, 2011, INX and Presidio announced that they have
entered into a definitive agreement providing for Presidio to
acquire INX. According to the press release, INX shareholders will
receive $8.75 per share, which only represents a small premium over
its recent trading price.
If you currently own shares of INX and would like to learn more
about the investigation being conducted by Brower Piven, you may
email or call Brower Piven, who will, without obligation or cost to
you, attempt to answer your questions. You may contact Brower Piven
by email at hoffman@browerpiven.com, by calling (410) 415-6616, or
at Brower Piven, A Professional Corporation, 1925 Old Valley Road,
Stevenson, Maryland 21153. Attorneys at Brower Piven have combined
experience litigating securities and other class action cases of
over 60 years.
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