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Kendall Law Group Investigates NSTAR Merger for Shareholders

^{Published on 2010-10-18 07:25:19 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating NSTAR (NYSE: NST) for shareholders in connection with the proposed acquisition by Northeast Utilities. The national securities firma™s investigation seeks to determine whether NSTAR and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a NSTAR shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On October 18, 2010, the companies announced a definitive merger agreement under which NSTAR would be merged with Northeast Utilities in a transaction valued at approximately $4.17 billion. Under the terms of the agreement, NSTAR stockholders will receive 1.313 shares of Northeast Utilities common stock for each share of NSTAR/NST common stock held. The deal provides no premium to NSTAR shareholders. The firm believes the transaction may not be providing proper value for NSTAR shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.