SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Hawaiian Electric Industries, Inc. Regarding the Fairness of the Sale of the Company to NextEra Energy, Inc.
BALA CYNWYD, Pa., Dec. 15, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or the "Company") (HE) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to NextEra Energy, Inc. (NEE).
Under the terms of the transaction, Hawaiian Electric shareholders will receive a o.2413 NextEra shares and a one-time cash dividend payment of $0.50 for each share of Hawaiian Electric common stock they own. The investigation concerns whether the Board of Hawaiian Electric breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether NextEra Energy is underpaying for Hawaiian Electric shares.
If you own shares of Hawaiian Electric common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-brodsky--smith-llc-announces-investigation-of-the-board-of-directors-of-hawaiian-electric-industries-inc-regarding-the-fairness-of-the-sale-of-the-company-to-nextera-energy-inc-300010058.html
SOURCE Brodsky & Smith, LLC
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