Shareholder Alert: Ademi LLP investigates whether Intricon Corporation has obtained a Fair Price in its transaction with Altaris.
MILWAUKEE, Feb. 28, 2022 /PRNewswire/ -- Ademi LLP is investigating Intricon (NASDAQ: IIN) for possible breaches of fiduciary duty and other violations of law in its transaction with Altaris.
Click here to learn how to join the action: https://www.ademilaw.com/case/intricon-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Intricon's financial outlook and prospects are excellent and yet Intricon shareholders will receive only $24.25 per share in a transaction that values Intricon at an equity value of approximately $241 million. The merger agreement unreasonably limits competing bids for Intricon by prohibiting solicitation of further bids, and imposing a significant penalty if Intricon accepts a superior bid. Intricon insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Intricon's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Intricon.
If you own Intricon common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/intricon-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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