SAN DIEGO, May 19, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of inContact, Inc. (NASDAQ: SAAS)
breached their fiduciary duties in connection with the proposed
sale of the Company to NICE Systems (NASDAQ: NICE).
Additional Information:
inContac provides cloud contact center software solutions and
network connectivity services in the
United States.
On May 18, 2016, InContact
announced it had signed a definitive merger agreement with NICE
Systems. Under the terms of the agreement, inContact stockholders
will receive $14.00 per share in
cash.
The investigation concerns whether the inContact board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for inContact
shares of common stock. Nationally recognized Johnson &
Weaver is investigating whether the proposed deal price represents
adequate consideration; especially given that the price
target for one Wall Street analyst is $16.00.
If you are a shareholder of inContact and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If
emailing, please include a phone number where you can be
reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP