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Morgan & Morgan Announces Investigation of Intermec, Inc. (NYSE: IN)
By: PR Newswire
Dec. 10, 2012 11:17 AM
NEW YORK, Dec. 10, 2012 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the board of directors of Intermec, Inc. ("Intermec") (IN) concerning the proposed acquisition of Intermec by Honeywell International Inc. ("Honeywell").
If you are a current shareholder of Intermec and are interested in learning more about our Intermec (IN) merger investigation, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at firstname.lastname@example.org.
On December 10, 2012, Intermec announced that it had entered into an agreement to be acquired by Honeywell in a transaction valued at approximately $600 million. Under the terms of the agreement, Intermec's shareholders will receive $10.00 in cash for each share of Intermec stock owned. Intermec's Board of Directors has unanimously approved the proposed deal which is expected to close in the first half of 2013.
Our investigation concerns whether Intermec's Board of Directors has breached its fiduciary duties to act in the best interests of Intermec's shareholders and to take all necessary steps to ensure that Intermec's shareholders receive the maximum value readily available for their shares of Intermec common stock.
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