Cases
El Paso Electric Company (NYSE: EE)
Merger
Overview
Overview
- Date:
- 6/3/2019
- Company Name:
- El Paso Electric Company
- Stock Symbol:
- EE
- Company Name - Buyer:
- Infrastructure Investments Fund
- Status:
- Closed/Complete
- Merger Announcement Date:
- 6/3/2019
NEW YORK, June 3, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of El Paso Electric Company (NYSE: EE) on behalf of El Paso Electric shareholders concerning the proposed acquisition by Infrastructure Investments Fund.
Pursuant to the proposed transaction, announced on June 3, 2019 and valued at $4.3 billion, El Paso Electric shareholders will receive $68.25 in cash for each share of El Paso Electric common stock owned. The investigation focuses on whether El Paso Electric and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own El Paso Electric shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on June 3, 2019 and valued at $4.3 billion, El Paso Electric shareholders will receive $68.25 in cash for each share of El Paso Electric common stock owned. The investigation focuses on whether El Paso Electric and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own El Paso Electric shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.