EQUITY ALERT: Rosen Law Firm Announces Investigation of Piedmont Natural Gas, Inc. Concerning its Proposed Sale to Duke Energ...
October 28 2015 - 4:20PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of Piedmont Natural
Gas, Inc. (NYSE:PNY) for possible breaches of fiduciary duty and
other violations of law by failing to adequately shop Piedmont
Natural Gas to maximize shareholder value before agreeing to be
acquired by Duke Energy Corporation (NYSE:DUK).
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-768.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $60.00 in cash for each share of Piedmont Natural Gas’
common stock they own. The proposed transaction is valued at
approximately $4.9 billion. The investigation relates to whether
the proposal is fair to the public shareholders of Piedmont Natural
Gas and whether Piedmont Natural Gas’ Board breached its fiduciary
duties in connection with the proposed sale.
If you currently own shares of Piedmont Natural Gas and wish to
obtain additional information, please visit the firm’s website at
http://rosenlegal.com/cases-768.html. You may also contact Phillip
Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or
via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151028006729/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
Piedmont Nat Gas (NYSE:PNY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Piedmont Nat Gas (NYSE:PNY)
Historical Stock Chart
From Jul 2023 to Jul 2024