WILMINGTON, Del., Sept. 06, 2016 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Interactive Intelligence Group, Inc. (“Interactive Intelligence” or the “Company”) relating to the sale of the Company to Genesys (“Genesys”). On August 31, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Genesys will acquire Interactive Intelligence in a merger worth approximately $1.4 billion. As a result of the merger, shareholders are only anticipated to receive $60.50 per share in cash.
Andrews & Springer’s investigation focuses on the inadequate consideration that Interactive Intelligence shareholders are expected to receive. While the Company claims that shareholders will receive a premium for their shares, the merger price is still less than the $67.00 per share price target given by Roth Capital Partners in August 2016, just a couple of weeks before the merger was announced.
Andrews & Springer is also investigating whether Interactive Intelligence directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value.
If you own shares of Interactive Intelligence and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/interactive-intelligence-class-action-investigation or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.