Faruqi & Faruqi, LLP Announces Investigation of Central Vermont Service Corp.
June 22 2011 - 4:05PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Central Vermont Public Service Corp. (“Central
Vermont” or the “Company”) (NYSE: CV) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to Fortis Inc. in a deal valued at about
$654.73 million. The proposed transaction offers Central Vermont’s
shareholders $35.10 in cash for each share they own.
Request more information now by clicking here:
www.faruqilaw.com/CV
Whether Central Vermont’s Board of Directors breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Central Vermont’s shares and by how much this proposed
transaction undervalues the Company to the detriment of Central
Vermont’s 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, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Central Vermont and wish to obtain
additional information, please visit us at www.faruqilaw.com/CV 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.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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