NEW YORK, July 17, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Hawaiian Telcom
Holdco, Inc. ("HCOM" or the "Company") (NASDAQ: HCOM) in connection
with the proposed acquisition of the Company by Cincinnati Bell,
Inc. ("CBB") (NYSE: CBB). Under the terms of the agreement,
the Company's shareholders can elect to receive $30.75 in cash, or 1.6305 shares of CBB common
stock, or a combination of 0.6522 of a CBB common stock and
$18.45 in cash.
WeissLaw is investigating whether HCOM's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $35.00 per share. Additionally, the Company
recently announced promising financial results for the first
quarter of 2017. It reported a 7.8% year-over-year increase
in normalized business strategic revenue, and a noteworthy 12.4%
growth in video services revenue.
Given these facts, WeissLaw is investigating whether HCOM's
Board acted in the best interests of HCOM's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own HCOM shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or visit our
website, http://www.weisslawllp.com/hawaiian-telcom-holdco-inc/
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SOURCE WeissLaw LLP