Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Intermec, Inc. (“Intermec”) (NYSE: IN) to Honeywell International Inc. for shareholders. Under the terms of the proposed deal valued at $600 million, Intermec shareholders will only receive approximately $10.00 per share. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you. The Intermec sale investigation centers on whether Intermecs’ shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Intermecs’ stock, and whether Intermecs’ board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Patrick Powers, “Due to the size of the deal and other factors, we believe that this transaction may undervalue Intermec’s stock. Our lawsuit will seek to obtain the highest share price for all shareholders.” The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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.