Intermec (IN) Merger Shareholder Lawsuit
Intermec (IN) Merger Summary
On December 10, 2012, Intermec announced that it had entered into an agreement to be acquired by Honeywell in a transaction valued at approximately $600 million. Under the terms of the agreement, Intermec’s shareholders will receive $10.00 in cash for each share of Intermec stock owned. Intermec’s Board of Directors has unanimously approved the proposed deal which is expected to close in the first half of 2013.
Intermec Merger Disclosure Raises Questions for IN Shareholders
Is $10 fair value of Intermec shareholders?
Have Intermec board members complied with all duties owed to Intermec shareholders? A fair question given that Intermec is presently without a CEO.
Have Intermec board of directors properly shopped the company to all possible suitors?
Intermec (IN) Merger Shareholder Investigation
We are investigating whether the proposed transaction is fair to Intermec shareholders. The investigation concerns whether IN’s board of directors’ process for consideration of the proposed transaction was adequate, whether Intermec is acting in its shareholders’ best interests and whether the proposed share price to be paid to Intermec shareholders is fair and adequate. If you own the common stock of Intermec and 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 fill out the contact form on this web page or call Attorney George Pressly at Morgan & Morgan toll free at 1 (800) 631-6234.
IN Shareholder Submission Form