We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of IntriCon Corporation (“IntriCon” or the “Company”) (NASDAQ: IIN), in connection with the proposed acquisition of the Company by an affiliate of Altaris Capital Partners, LLC (“Altaris”).  Under the terms of the merger agreement, the Company’s shareholders will receive $24.25 in cash for each share of IntriCon common stock that they hold.  The transaction is valued at approximately $241 million.

WeissLaw LLP is investigating whether (i) IntriCon’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $24.25 per-share merger consideration adequately compensates IntriCon’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.  Notably, the merger consideration is below the $26.50 median price target set by analysts following the Company and at least one analyst set a price target for the Company of $28.00 per share, $3.75 above the per-share merger consideration.