SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Intermec Inc. In Connection 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://9nl.com/intermec/, 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 $10.00 per share for a total transaction value of approximately $600 million. The investigation concerns whether the Intermec Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Honeywell is underpaying for Intermec shares, thus unlawfully harming Intermec stockholders. If you own common stock in Intermec and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://9nl.com/intermec/. 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.