Business & Finance
Thu, February 23, 2012 
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of CH Energy Group, Inc. (?CH Energy? or the ?Company?) (NYSE: CHG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Fortis Inc. (TSE: FTS). Under the terms of the agreement, CH Energy shareholders will receive $65.00 for each share of CH Energy stock they own. The transaction has a total approximate value of $1.5 billion, including the assumption of debt.
Click here to learn how to join the action: [ http://www.zlk.com/ch-energy-group-chg ], or call: 877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the CH Energy Board of Directors breached their fiduciary duties to CH Energy stockholders by failing to adequately shop the Company before entering into this transaction and whether Fortis Inc. is underpaying for CH Energy shares, thus unlawfully harming CH Energy stockholders. In particular, at least one analyst set a price target of $69.00 per CH Energy share.
If you own common stock in CH Energy 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, [ http://www.zlk.com ].
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
