Kendall Law Group Investigates ICx Technologies, Inc. Acquisition for Shareholders

Kendall Law Group, a national securities firm led by a former federal judge Joe Kendall with attorneys that include a former U.S. Attorney, is investigating ICx Technologies, Inc. (NASDAQ: ICXT) for shareholders in connection with the proposed acquisition by FLIR Systems, Inc. The firm’s investigation seeks to determine whether ICx and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an ICx shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [e-mail].

On August 16, 2010 ICx entered into a definitive merger agreement with FLIR under which ICx would be acquired through a cash tender offer for $7.55 per share, followed by a merger with a subsidiary of FLIR. The deal price is a 12% premium over ICx’s closing price of $6.75 a share on Friday. The agreement contemplates that if available under Delaware law, a "short form" merger would be completed shortly following completion of the tender offer. Under Delaware law, if the acquiring company owns 90% of the target company, minority shareholder approval is not necessary to consummate the merger. Wexford Capital LP, which own approximately 62% of ICx common stock, has agreed to tender all of its shares in the tender offer. Additionally, according to Thompson/First Call, at least one analyst has set a price target of $10.00 per share of ICx common stock.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.