SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of TECO Energy, Inc. And Encourages Investo...
September 08 2015 - 6:15PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of TECO Energy, Inc. (NYSE: TE)
(“TECO” or the “Company”) relating to the proposed buyout of the
Company by Emera Inc.
Under the terms of the transaction, TECO shareholders are
anticipated to receive $27.55 in cash for each share of TECO common
stock held. The firm’s investigation seeks to determine, among
other things, whether the Company’s Board of Directors failed to
satisfy their duties to shareholders, including whether the Board
adequately pursued alternatives to the acquisition and whether the
Board obtained the best price possible for the Company’s shares of
common stock.
If you currently own common stock of TECO and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20150908006731/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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