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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Infinity Property and Casualty Corporation (“Infinity” or the “Company”) (NASDAQ: IPCC) to Kemper Corporation (NYSE: KMPR). Under the terms of the agreement, Infinity shareholders will receive $51.60 in cash and 1.2019 Kemper common shares for each share of Infinity stock they own.
The investigation concerns whether the Board of Infinity breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Kemper Corporation is underpaying for Infinity shares, thus unlawfully harming Infinity shareholders.
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