SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Intermec Inc. In Connection With The Sale Of The Company To Honeywell International Inc.
Levi & Korsinsky is investigating the Board of Directors of Intermec
Levi & Korsinsky is investigating the Board of Directors of Intermec Inc. (“Intermec” or the “Company”) (NYSE: IN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Honeywell Interntaional Inc. (“Honeywell”) (NYSE: HON). Click here to learn more about the investigation: http://zlk.9nl.com/intermec-in/, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, Honeywell will acquire Intermec in an all cash deal for approximately $10.00 per Intermec share, thus setting the value of the Company at an estimated $600 million. This evaluation failed to take into account Intermec’s common stock growth over the past seven months, up nearly 40%. The Company also announced both a $17.7 million improvement in adjusted operating profit, along with $21 million incremental increase in revenue. This information shows that the transaction fails to take into account Intermec’s growth potential and stock evaluation. If you own common stock in Intermec and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/intermec-in/. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
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.