ICXT Icx Technology (MM)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of ICx Technologies, Inc. (“ICx” or the “Company”) (NasdaqGM: ICXT) for potential breaches of fiduciary duty in connection with their conduct related to the sale of the Company to FLIR Systems, Inc. The proposed transaction offers ICx shareholders to only receive $7.55 in cash for each share they own. According to Thomson/First Call, at least one financial analyst values ICx’s common stock at $10.00 per share.

Whether the ICx’s Board of Directors breached their fiduciary duties to ICx’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues ICx shares and by how much this proposed transaction undervalues the Company to the detriment of ICx shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in ICx and wish to obtain additional information, please visit us at http://www.faruqilaw.com/icx or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Icx Technology (MM) (NASDAQ:ICXT)
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Icx Technology (MM) (NASDAQ:ICXT)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025