Murray, Frank & Sailer LLP Announces Investigation of the Acquisition of Central Vermont Public Service Corp.
June 01 2011 - 12:43PM
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) (“Central Vermont”
or the “Company”) in relation to the acquisition of the Company by
Fortis Inc. (“Fortis”).
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 LLPBridget Hamill(800)
497-8076(212)
682-1818investigations@murrayfrank.comwww.murrayfrank.com
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