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Law Office of Brodsky & Smith, LLC Announces Investigation of Intermec, Inc.
By: PR Newswire
Dec. 13, 2012 09:00 PM
BALA CYNWYD, Pa., Dec. 13, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Intermec, Inc. ("Intermec" or the "Company") (NYSE: IN) relating to the proposed acquisition by Honeywell International, Inc. ("Honeywell").
Under the terms of the transaction, Intermec shareholders will receive only $10.00 in cash for each share of Intermec stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Intermec for not acting in the Company's shareholders' best interests in connection with the sale process to Honeywell. The transaction may undervalue the Company and will result in a loss for many shareholders. For example Intermec stock traded at $11.18 as recently as July 8, 2011 and $12.76 on February 8, 2011.
If you own shares of Intermec stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/517-in-intermec-inc.html, by calling toll free 877-LEGAL-90.
SOURCE Law office of Brodsky & Smith, LLC
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