Cases
InfraREIT, Inc. (HIFR)
Merger
Overview
Overview
- Date:
- 10/18/2018
- Company Name:
- InfraREIT, Inc.
- Stock Symbol:
- HIFR
- Company Name - Buyer:
- Oncor Electric Delivery Company LLC
- Status:
- Closed/Complete
- Merger Announcement Date:
- 10/18/2018
NEW YORK, October 18, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of InfraREIT, Inc. (NYSE: HIFR) on behalf of stockholders concerning the proposed acquisition of the company by Oncor Electric Delivery Company LLC.
Pursuant to the proposed transaction, announced on October 18, 2018 and valued at $1.3 billion, InfraREIT stockholders will receive $21.00 in cash for each share of InfraREIT common stock owned. The investigation focuses on whether InfraREIT and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own InfraREIT 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 October 18, 2018 and valued at $1.3 billion, InfraREIT stockholders will receive $21.00 in cash for each share of InfraREIT common stock owned. The investigation focuses on whether InfraREIT and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own InfraREIT 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.