Finkelstein Thompson LLP Announces Investigation of ICx Technologies, Inc.
17 8월 2010 - 8:47AM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of ICx Technologies, Inc. (“ICx” or the
“Company”) (Nasdaq: ICXT) concerning the proposed sale of the
Company to FLIR Systems, Inc. through a cash tender offer, followed
by a merger with a subsidiary of FLIR, for a price of $7.55 per
share in cash. The transaction is valued at approximately $274
million.
The investigation is focused on the potential unfairness of the
consideration given to ICx’s shareholders, the process by which the
ICx Board of Directors shopped the Company and considered the
transaction, and potential conflicts of interests on the part of
Board members. In particular, according to Yahoo! Finance, at least
one analyst has set a target price of $10.00 for ICx stock, and the
Company’s shares traded as high as $9.25 on January 8, 2010.
If you are interested in discussing your rights as an ICx
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
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