Kirby McInerney LLP is investigating potential claims against the Board of Directors of Innotrac Corporation (“Innotrac” or the “Company”) (NASDAQ:INOC) concerning the proposed acquisition of the Company by an affiliate of Sterling Partners (“Sterling”). Under the terms of the definitive merger agreement, Innotrac shareholders will receive $8.20 in cash for each share of Innotrac owned, valuing the transaction at approximately $108 million.
The investigation concerns whether the Innotrac Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the $8.20 per share proposed consideration adequately values Innotrac’s common stock.
If you are an Innotrac shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at email@example.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
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