Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Intermec, Inc. (“Intermec” or the “Company”) (NYSE: IN) (ISIN: US4587861000) concerning the proposed acquisition of Intermec, Inc. by Honeywell International Inc. in a transaction valued at approximately $600 million in cash. The investigation concerns whether the Intermec directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Intermec shareholders will be entitled to receive $10.00 per share in cash for each share of Intermec common stock. However, the price to revenue multiple for the Company is below comparable transactions. Intermec shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at email@example.com or 212-661-1100 or 888-476-6529, ext. 237. The Pomerantz Firm, with offices in New York, Chicago and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
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.