Energy News / Shareholders Foundation, Inc.

NASDAQ: IPCC Investor Alert: Lawsuit Filed in Effort to Halt the Takeover of Infinity Property and Casualty Corporation

Via: ReleaseWire

Updated 2:00 PM CDT, Fri, May 18,2018

A lawsuit was filed for investors in shares of Infinity Property and Casualty Corporation (NASDAQ: IPCC) in connection with the proposed takeover and NASDAQ: IPCC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/18/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of Infinity Property and Casualty Corporation (NASDAQ: IPCC), filed a lawsuit against the takeover of Infinity Property and Casualty Corporation.

Investors who purchased shares of Infinity Property and Casualty Corporation (NASDAQ: IPCC) and currently hold any of those NASDAQ: IPCC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: IPCC stockholders by agreeing to sell Infinity Property and Casualty Corporation cheaply via an unfair process.

On February 13, 2018, Kemper Corporation (NYSE: KMPR) and Infinity Property and Casualty Corporation (NASDAQ: IPCC) announced that they have entered into a merger agreement under which Kemper will acquire Infinity in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share.

However, the plaintiff claims that the proposed consideration NASDAQ: IPCC shareholders will receive is grossly inadequate and undervalues A Infinity Property and Casualty Corporation. In addition, the plaintiff alleges that the process is also unfair NASDAQ: IPCC stockholders. Indeed

Those who are current investors in Infinity Property and Casualty Corporation (NASDAQ: IPCC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-ipcc-investor-alert-lawsuit-filed-in-effort-to-halt-the-takeover-of-infinity-property-and-casualty-corporation-980602.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com