NEW YORK, Dec. 4, 2014 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of Hawaiian Electric Industries,
Inc. ("Hawaiian Electric" or the "Company") (NYSE: HE) concerning
the proposed acquisition of the Company by NextEra Energy, Inc.
("NextEra").
Under the terms of the transaction, NextEra would purchase
Hawaiian Electric in a transaction valued at approximately
$4.3 billion. Hawaiian Electric
shareholders would receive 0.2413 NextEra shares and a one-time
cash dividend of $0.50 for each share
of Hawaiian Electric owned.
Our investigation concerns whether the Hawaiian Electric board
of directors is fulfilling its fiduciary duties, maximizing the
value of the Company, disclosing all material benefits and costs,
and obtaining full and fair consideration for Company
stockholders.
If you own Hawaiian Electric shares and wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP