Business & Finance
Tue, February 21, 2012 
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CH Energy Group, Inc. (aCH Energy Groupa or the aCompanya) (NYSE: CHG) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Fortis Inc. in an all-cash deal valued at about $1.5 billion, including the assumption of approximately $500 million of debt on closing. Under the terms of the proposed transaction, CH Energy Group stockholders will receive $65.00 in cash for each share of CH Energy Group common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $69.00 for CH Energy Group.
Request more information now by clicking here: [ www.faruqilaw.com/CHG ]
Whether CH Energy Groupas Board of Directors breached their fiduciary duties to the Companyas stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues CH Energy Groupas shares and by how much this proposed transaction undervalues the Company to the detriment of CH Energy Groupas shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firmas clients.
If you own common stock in CH Energy Group and wish to obtain additional information, please visit us at [ www.faruqilaw.com/CHG ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
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