HAWAIIAN ELECTRIC INDUSTRIES SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Hawaiian Electric Industr...
December 04 2014 - 12:25PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Hawaiian Electric Industries, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Hawaiian Electric
Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE:HE)
for potential breaches of fiduciary duties in connection with the
sale of the Company to NextEra Energy, Inc. (“NextEra”) (NYSE:NEE)
for approximately $2.6 billion in a cash and stock transaction. The
Company’s stockholders will receive 0.2413 NextEra shares, and a
one-time cash dividend payment of $0.50 for each share of Hawaiian
Electric common stock they own.
Click here for more information:
www.faruqilaw.com/HE. There is no cost or obligation to
you.
The investigation focuses on whether Hawaiian Electric’s Board
of Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Hawaiian Electric’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Hawaiian Electric and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/HE or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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