SAN DIEGO & INDIANAPOLIS--(EON: Enhanced Online News)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Interactive Intelligence Group, Inc. (NASDAQGS: ININ) breached their fiduciary duties to shareholders in connection with the sale of the company to Genesys Telecommunications Laboratories, Inc. ("Genesys"). Interactive Intelligence provides software and cloud services for customer engagement, communications, and collaboration worldwide.
Interactive Intelligence Undervalues Company in Transaction
On August 31, 2016, Interactive Intelligence announced that it had signed a definitive merger agreement with Genesys. Under the terms of the transaction, Interactive Intelligence shareholders will receive $60.50 per share in cash. However, the Interactive Intelligence board of directors may not have adequately pursued alternatives to the acquisition or obtained the best possible price for Interactive Intelligence shares of common stock. For example, Interactive Intelligence stock traded at $80.47 per share on January 30, 2014, and a Wall Street analyst set a $67.00 per share price target for the company's stock. The transaction appears to undervalue the company and will result in a loss for Interactive Intelligence shareholders.
View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/interactive-intelligence-group-inc
Interactive Intelligence Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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