Law Offices of Howard G. Smith Announces Investigation of Central Vermont Public Service
June 01 2011 - 10:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Central Vermont Public Service (“CVPS” or the “Company”) (NYSE:CV)
related to the Company’s agreement to be acquired by Fortis, Inc.
The proposed transaction is valued at approximately $700 million,
including assumed debt.
Under the terms of the definitive agreement entered into by the
parties, CVPS shareholders will receive $35.10 in cash for each
share they own of the Company’s common stock. The proposed
transaction is expected to be completed in approximately six to 12
months. The investigation concerns possible breaches of fiduciary
duty and other violations of law related to approval of the
proposed transaction by CVPS’ board of directors.
If you are a shareholder of CVPS, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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