Business & Finance
Business and Finance
Business and Finance
Thu, June 2, 2011 Murray, Frank & Sailer LLP Announces Investigation of the Acquisition of Central Vermont Public Service Corp.
NEW YORK--([ BUSINESS WIRE ])--Murray, Frank & Sailer LLP is investigating claims of breach of fiduciary duty by certain members of the board of directors of Central Vermont Public Service Corp. (NYSE: CV) (aCentral Vermonta or the aCompanya) in relation to the acquisition of the Company by Fortis Inc. (aFortisa).
On May 30, 2011, Central Vermont and Fortis announced that Fortis will acquire Central Vermont pursuant to a transaction under which Central Vermont stockholders will receive $35.10 in exchange for each share of Central Vermont common stock, an aggregate value of approximately $700 million.
The investigation concerns whether certain members of the board of directors breached their fiduciary duty in connection with their efforts to sell Central Vermont to Fortis at an inadequate price through an unfair process which significantly undervalues the Company.
If you are a current investor in Central Vermont, who purchased CV shares before May 30, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget Hamill at (800) 497-8076 or (212) 682-1818, or by email at [ investigations@murrayfrank.com ].
Contact:
Murray, Frank & Sailer LLP
Bridget Hamill
(800) 497-8076
(212) 682-1818
[ investigations@murrayfrank.com ]
[ www.murrayfrank.com ]
