Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of TECO Energy Inc. Concerning its Proposed Sale to Emera Inc.

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Sep 04, 2015, 06:30 ET

NEW YORK, Sept. 4, 2015 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of TECO Energy Inc. ("TECO" or the "Company") (NYSE:TE) related to the proposed acquisition of the Company by Emera Inc. The transaction is valued at around $6.5 Billion or $27.55 per share.

This investigation concerns whether the Board of Directors of TECO breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

If you own TECO common stock and wish to obtain additional information, please contact either Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC