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Finkelstein Thompson LLP Announces Investigation of ICx Technologies, Inc.

^{Published on 2010-08-16 16:55:29 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of ICx Technologies, Inc. (aICxa or the aCompanya) (Nasdaq: ICXT) concerning the proposed sale of the Company to FLIR Systems, Inc. through a cash tender offer, followed by a merger with a subsidiary of FLIR, for a price of $7.55 per share in cash. The transaction is valued at approximately $274 million.

The investigation is focused on the potential unfairness of the consideration given to ICxa™s shareholders, the process by which the ICx Board of Directors shopped the Company and considered the transaction, and potential conflicts of interests on the part of Board members. In particular, according to Yahoo! Finance, at least one analyst has set a target price of $10.00 for ICx stock, and the Companya™s shares traded as high as $9.25 on January 8, 2010.

If you are interested in discussing your rights as an ICx shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.