Law Office of Brodsky & Smith, LLC Announces Investigation of INX, Inc.
November 04 2011 - 6:01PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
INX, Inc. (“INX” or the “Company”) (Nasdaq: INXI) relating to the
proposed acquisition by Presidio, Inc. (“Presidio”).
Under the terms of the transaction INX shareholders would
receive $8.75 in cash for each share of INX stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of INX for
not acting in the INX shareholders' best interests in connection
with the sale process to Presidio. The transaction may undervalue
INX as a result of failing to adequately shop the Company. The
transaction is taking place after second quarter results were
better than expectations and represents only a slight premium over
the $8.43 that INX stock traded at on August 3, 2011.
If you own shares of INX stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/350-inxi-inx-inc.html, or by calling toll
free 877-LEGAL-90.
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