The Law Offices of Vincent Wong Reminds Investors of an Investigation of Infinity Property and Casualty Corporation in Connection with the Sale of the Company to Kemper Corporation
INFINITY PROPERTY (IPCC)
Last infinity property earnings: 11/6 04:01 pm
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US:NASDAQ Investor Relations:
ir.infinityauto.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of Infinity Property and Casualty Corporation (“Infinity” or the “Company”) (NASDAQ: IPCC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kemper Corporation (NYSE: KMPR). Under the terms of the deal, Infinity stockholders will receive $51.60 in cash and 1.2019 Kemper common shares for each share of Infinity stock they own. The investigation concerns whether the Infinity’s Board of Directors breached their fiduciary duties to Infinity stockholders by failing to adequately shop the Company before entering into this transaction and whether Kemper Corporation is underpaying for Infinity shares, thus unlawfully harming Infinity stockholders. If you own common stock in Infinity and wish to obtain additional information, please cont
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