Glancy Binkow & Goldberg LLP is Investigating Hawaiian Electric Industries, Inc. Board of Directors
December 04 2014 - 3:59PM
Business Wire
Glancy Binkow & Goldberg LLP is investigating potential
claims against the Board of Directors of Hawaiian Electric
Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE:HE)
related to the proposed sale of the Company to NextEra Energy, Inc.
(NYSE:NEE). The transaction is valued at approximately $2.6
billion. The Company’s shareholders will receive 0.2413 NextEra
shares and a one-time cash dividend payment of $0.50 per share of
Hawaiian Electric common stock they own.
This investigation concerns whether the Board of Directors of
Hawaiian Electric 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 are a shareholder of Hawaiian Electric, if you have
information or would like to learn more about our investigation, or
if you wish to discuss your rights or interests with respect to
these matters, please contact Louis Boyarsky, Esquire, Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com. This
press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLPLouis Boyarsky, Esquire(310)
201-9150Toll Free (888) 773-9224shareholders@glancylaw.com
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