UIL HOLDINGS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of UIL Holdings Corporation

NEW ORLEANS, Feb. 27, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of UIL Holdings Corporation ("UIL" or the "Company") (NYSE: UIL) to Iberdrola USA.  Under the terms of the proposed transaction, shareholders of UIL will receive one share in the newly-created company plus a cash payment of $10.50 for each share of UIL that they own, implying a total consideration per UIL share of approximately $52.75, according to UIL. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) or partner Michael J. Palestina ([email protected]) toll free at any time at 855-768-1857.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447

SOURCE Kahn Swick & Foti, LLC

Related Links

http://www.ksfcounsel.com

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