Law Office of Brodsky amp;; Smith, LLC Announces Investigation of CH Energy Group, Inc.

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^{Published in Business and Finance on Wednesday, February 22nd 2012 at 21:42 GMT by Market Wire}  

Law Office of Brodsky & Smith, LLC Announces Investigation of CH... -- BALA CYNWYD, Pa., Feb 22, 2012 /PRNewswire/ --

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BALA CYNWYD, Pa., Feb 22, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of CH Energy Group, Inc. ("CH Energy" or the "Company") (NYSE: [ CHG ]) relating to the proposed acquisition by Fortis, Inc. ("Fortis").

Under the terms of the transaction, CH Energy shareholders would receive only $65.00 in cash for each share of CH Energy stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of CH Energy for not acting in the Company's shareholders' best interests in connection with the sale process to Fortis. The transaction may undervalue CH Energy as CH Energy stock traded at $66.41 as recently as February 22, 2012. In addition, an analyst has set a target price for the CH Energy stock at $69.00.

If you own shares of CH Energy stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], visiting [ http://brodsky-smith.com/390-chg-ch-energy-group-inc.html ], or by calling toll free 877-LEGAL-90.

SOURCE Brodsky & Smith, LLC

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