Kendall Law Group Investigating i2 Technologies Takeover for Shareholders
Business Wire
Nov 05, 2009
Kendall Law Group, founded by a former federal judge, today began an
investigation on behalf of i2 Technologies (NASDAQ: ITWO) shareholders.
The investigation concerns possible breaches of fiduciary duty in
connection with the proposed acquisition by JDA Software Group for $396
million.
The proposed transaction is a 9 percent premium for i2 shareholders and
is subject to a termination fee. Former federal judge Joe Kendall said,
“The investigation concerns whether the consideration to be paid to
shareholders is grossly unfair, inadequate, and substantially below the
fair or inherent value of i2 and whether the directors and special
committee members may have breached their fiduciary duties by not acting
in the shareholders’ best interests in connection with the sale process.”
If you are a current holder of i2 and would like additional information
concerning this proposed transaction, including your shareholder rights,
contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Kendall Law Group has substantial experience representing investors in
mergers and acquisitions nationwide. Lawyers at the firm include a
former Dallas United States Attorney, a federal judicial law clerk, a
former Dallas state and federal judge in addition to experienced
securities lawyers.
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