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INXI Inx Inc. (MM)

8.74
0.00 (0.00%)
20 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Inx Inc. (MM) NASDAQ:INXI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.74 0 01:00:00

Law Office of Brodsky & Smith, LLC Announces Investigation of INX, Inc.

04/11/2011 10:01pm

Business Wire


Inx Inc. (MM) (NASDAQ:INXI)
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Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of INX, Inc. (“INX” or the “Company”) (Nasdaq: INXI) relating to the proposed acquisition by Presidio, Inc. (“Presidio”).

Under the terms of the transaction INX shareholders would receive $8.75 in cash for each share of INX stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of INX for not acting in the INX shareholders' best interests in connection with the sale process to Presidio. The transaction may undervalue INX as a result of failing to adequately shop the Company. The transaction is taking place after second quarter results were better than expectations and represents only a slight premium over the $8.43 that INX stock traded at on August 3, 2011.

If you own shares of INX 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 investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/350-inxi-inx-inc.html, or by calling toll free 877-LEGAL-90.

1 Year Inx Inc. (MM) Chart

1 Year Inx Inc. (MM) Chart

1 Month Inx Inc. (MM) Chart

1 Month Inx Inc. (MM) Chart