SAN DIEGO, Aug. 31, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Interactive Intelligence Group Inc. (NASDAQ: ININ) breached their fiduciary duties in connection with the proposed sale of the Company to Genesys Telecommunications Laboratories Inc. Interactive Intelligence provides software and cloud services for customer engagement, communications and collaboration worldwide.
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. The investigation concerns whether the Interactive Intelligence board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Interactive Intelligence shares of common stock. 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.
If you are a shareholder of Interactive Intelligence and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number where you can be reached.
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Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
SOURCE Johnson & Weaver, LLP