Business & Finance
Business and Finance
Business and Finance
Thu, April 28, 2011 The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Conste
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Constellation Energy (aConstellationa or the aCompanya) (NYSE: CEG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Exelon Corporation (NYSE: EXC). Under the terms of the transaction Constellation shareholders will receive 0.930 shares of Exelon common stock for each share of Constellation stock they own, representing a value of approximately $38.59 per share. The transaction has a total equity value of approximately $7.9 billion.
Click here to learn how to join the action: [ http://www.zlk.com/constellation-energy-ceg.html ], or call: 877-363-5972.
The investigation concerns whether the Constellation Board of Directors breached their fiduciary duties to Constellation stockholders by failing to adequately shop the Company before entering into this transaction and whether Exelon Corporation is underpaying for Constellation shares, thus unlawfully harming Constellation stockholders. In particular, Constellation reported a book value of $39.19 per share for the most recent quarter.
If you own common stock in Constellation and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/constellation-energy-ceg.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
