Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of InfoLogix, Inc. (“InfoLogix” or the “Company”) (OTC: IFLG.PK) concerning the proposed acquisition of the Company by Stanley Black & Decker, Inc. Under the terms of the offer, InfoLogix shareholders would receive $4.75 in cash for share every share of InfoLogix stock they own. The proposed offer is valued at approximately $61.2 million, including the assumption of debt, and is expected to close in the first quarter of 2011.
The investigation is focused on the potential unfairness of the deal price to InfoLogix shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interest among InfoLogix Board members. The Company’s majority shareholders, Hercules Technology Growth Capital, Inc. and Hercules Technology I, LLC, have agreed to vote their shares in favor of the proposed offer. Additionally, the stock traded as high as $13.24 on May 17, 2010.
If you are interested in discussing your rights as an InfoLogix 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.
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Contacts:
Donald Enright, 202-337-8000
