NEW YORK, Feb. 14, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Infinity Property
and Casualty Corp. ("IPCC" or the "Company") (NASDAQ: IPCC) in
connection with the proposed acquisition of the Company by Kemper
Corporation ("KMPR") (NYSE: KMPR). Under the terms of the
acquisition agreement, the Company's shareholders will receive
$51.60 in cash and 1.2019 shares of
KMPR for each share of IPCC they own. This represents consideration
of $119.38 per IPCC share, based on
KMPR's February 13 trading price of
$56.40.
WeissLaw is investigating whether IPCC's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, according to KMPR's President and CEO,"[ t]his [is a]
compelling transaction [that]combines two well-known brands with
complementary strengths and cultures to form a leader in
nonstandard auto insurance, and enhances [KMPR]'s overall growth
opportunities, diversification, financial strength, and ability to
serve policyholders." KMPR expects the acquisition of IPCC to
broaden its product offerings and capabilities, and enhance its
financial position.
Given these facts, WeissLaw is investigating whether IPCC's
shareholders will obtain their fair and proportionate share of the
Company's continued success and growth prospects. If you own
IPCC shares and would like more information about your rights or
our investigation, or if you have information to share with us,
please contact Joshua Rubin
by telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/infinity-property-and-casualty-corp/
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SOURCE WeissLaw LLP