PHILADELPHIA, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. announces that it is investigating potential claims against the Board of Directors of Intersections Inc. on behalf of shareholders of Intersections Inc. (NasdaqGM: INTX) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of Intersections Inc. to WC SACD One Parent, Inc., a joint venture consisting of iSubscribed, WndrCo, and General Catalyst.
On October 31, 2018, WC SACD One Parent, Inc. announced that it had entered into a definitive agreement to acquire Intersections. According to the announcement, stockholders of Intersections are expected to receive $3.68 in cash for each share of Intersections common stock that they own.
The investigation seeks to determine whether the proposed transaction provides adequate value to stockholders of Intersections for their shares, and whether stockholders of Intersections are being provided with all material information necessary to evaluate the proposed transaction.
Shareholders of Intersections Inc. Are Encouraged to Contact Kehoe Law Firm, P.C., John Kehoe, Esq., (215) 792-6676, Ext. 801, firstname.lastname@example.org, email@example.com, To Discuss Their Potential Legal Rights.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at the Firm have been lead or co-lead counsel in cases that have recovered more than $10 billion dollars on behalf of institutional and individual investors.