Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Intermec, Inc. (“Intermec” or the “Company”) (NYSE: IN) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Honeywell International Inc. (“Honeywell”) (NYSE: HON) in a transaction valued at approximately $600 million. Click here to learn more: http://www.rigrodskylong.com/investigations/intermec-inc-in. Under the terms of the proposal, public shareholders of Intermec will receive $10.00 per share in cash for each share of Intermec they own. The investigation concerns whether Intermec’s board of directors failed to adequately shop the Company and obtain the best possible value for Intermec’s shareholders before entering into an agreement with Honeywell. If you own the common stock of Intermec and purchased your shares before December 10, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/intermec-inc-in. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
Intermec (NYSE:IN) hit a new 52-week low Monday as it is currently trading at $6.18, below its previous 52-week low of $6.20 with 141,702 shares traded as of 2:30 p.m. ET. Average volume has been 431,100 shares over the past 30 days.