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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of NSTAR in Connection with the Proposed Acqui

^{Published on 2010-10-18 17:40:32 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of NSTAR (the aCompanya) (NYSE:NST) related to the Companya™s agreement to be acquired by Northeast Utilities in a proposed stock-for-stock transaction.

Under the terms of the agreement entered into by the parties, NSTAR shareholders would receive 1.312 common shares of Northeast Utilities for each share of the Companya™s stock they own. The proposed transaction values NSTAR stock at approximately $40.28 per share with a total equity value of $9.5 billion and an enterprise value of $17.5 billion. If the transaction is completed, it is anticipated that Northeast Utilities shareholders would own approximately 56 percent of the combined company and NSTAR shareholders would own approximately 44 percent. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by NSTARa™s board of directors.

If you are a shareholder of NSTAR, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].