Cases
Interactive Intelligence Group, Inc. (NASDAQ : ININ)
Merger
Overview
Overview
- Date:
- 10/10/2016
- Company Name:
- Interactive Intelligence Group, Inc.
- Stock Symbol:
- ININ
- Company Name - Buyer:
- Genesys Telecommunications Laboratories, Inc.
- Class Period:
- FROM 10/6/2016
- Status:
- Closed/Complete
- Merger Announcement Date:
- 8/31/2016
- Court:
- U.S. District Court: District of Southern Indiana
NEW YORK, October 10, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Indiana Southern District Court on behalf of all persons or entities who held Interactive Intelligence Group, Inc. (NASDAQ: ININ) securities on October 6, 2016 (the “Class Period”).
The complaint charges Interactive Intelligence’s Board of Directors for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934 in connection with the proposed merger between Genesys Telecommunications Laboratories, Inc. and Interactive Intelligence Group, Inc.
On August 31, 2016, Interactive Intelligence announced it had signed a definitive merger agreement with Genesys. Under the terms of the agreement Interactive Intelligence shareholders will receive $60.50 per share in cash. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. The price target for one Wall Street analyst is $67.00.
Compounding the unfairness of the Proposed Transaction, defendants issued materially incomplete and misleading disclosures in the Schedule 14A Preliminary Proxy Statement filed with the United States Securities and Exchange Commission (“SEC”) on September 20, 2016. The Registration Statement is deficient and misleading in that it fails to provide adequate disclosure of all material information related to the Proposed Transaction.
If you held Interactive Intelligence securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint charges Interactive Intelligence’s Board of Directors for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934 in connection with the proposed merger between Genesys Telecommunications Laboratories, Inc. and Interactive Intelligence Group, Inc.
On August 31, 2016, Interactive Intelligence announced it had signed a definitive merger agreement with Genesys. Under the terms of the agreement Interactive Intelligence shareholders will receive $60.50 per share in cash. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. The price target for one Wall Street analyst is $67.00.
Compounding the unfairness of the Proposed Transaction, defendants issued materially incomplete and misleading disclosures in the Schedule 14A Preliminary Proxy Statement filed with the United States Securities and Exchange Commission (“SEC”) on September 20, 2016. The Registration Statement is deficient and misleading in that it fails to provide adequate disclosure of all material information related to the Proposed Transaction.
If you held Interactive Intelligence securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.