Kendall Law Group Investigates INX, Inc.
November 02 2011 - 2:57PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating INX, Inc. (NASDAQ:INXI) for shareholders in
connection with the proposed acquisition by Presidio Inc. The
national securities firm’s investigation seeks to determine whether
INX and its Board breached their fiduciary duties by entering into
the agreement without properly shopping for a deal that would
provide better value for shareholders. If you are an INX
shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at investor@kendalllawgroup.com.
On November 1, 2011, the companies announced the definitive
merger agreement under which INX would be acquired by Presidio, in
a transaction valued at approximately $85 million. Under the terms
of the agreement, INX stockholders will receive $8.75 in cash for
each share of INX/INXI common stock held. The firm’s investigation
seeks to determine whether INX and its Board undertook a fair
process in negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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