An investigation on behalf of investors, who currently hold shares of Infinity Property and Casualty Corporation (NASDAQ: IPCC), was announced concerning whether the takeover of Infinity Property and Casualty Corporation is unfair to NASDAQ: IPCC stockholders.

The investigation by a law firm concerns whether certain officers and directors of Infinity Property and Casualty Corporation breached their fiduciary duties owed to NASDAQ: IPCC investors in connection with the proposed acquisition.

Birmingham, AL based Infinity Property and Casualty Corporation, through its subsidiaries, provides personal auto insurance products in the United States. On February 13, 2018, Kemper Corporation (NYSE: KMPR) and Infinity Property and Casualty Corporation (NASDAQ: IPCC) announced that they have entered into a merger agreement under which Kemper will acquire Infinity in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share.

However, the investigation concerns whether the offer is unfair to NASDAQ: IPCC stockholders. More specifically, the investigation concerns whether the Infinity Property and Casualty Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.