NEW YORK, NY / ACCESSWIRE / November 2, 2018 / WeissLawLLPis investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Intersections Inc. ("INTX" or the "Company") (INTX) in connection with the proposed acquisition of the Company by a joint venture formed by iSubscribed, WndrCo, and General Catalyst.Under the terms of the acquisition agreement, shareholders will receive $3.68 in cash for each INTX share they own.
If you own INTX shares and wish to discussthis investigation or have any questions concerning this notice or your rightsor interests, please contact:
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WeissLaw is investigating whether INTX's Board acted to maximize shareholder value prior to entering into the agreement.Notably, the Company announced adjusted EBITDA of $6.2 million in the first half of 2018.This represents a threefold increase year-over-year when compared to the $1.7 million reported in the same period of the previous year.According to Michael R. Stanfield, the Company's Executive Chairman and President, "[t]he second quarter and year-to-date 2018 consolidated income from continuing operations and adjusted EBITDA continue to show significant improvement compared to the prior year results."
Given these facts, WeissLaw is investigating whether INTX's Board acted in the best interests of INTX's public shareholders to maximize shareholder value prior to entering into the agreement.If you own INTX shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at email@example.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
SOURCE: WeissLaw LLP