BALA CYNWYD, Pa., Dec. 15, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Hawaiian
Electric Industries, Inc. ("Hawaiian Electric" or the "Company")
(HE) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to
NextEra Energy, Inc. (NEE).
Under the terms of the transaction, Hawaiian Electric
shareholders will receive a o.2413 NextEra shares and a one-time
cash dividend payment of $0.50
for each share of Hawaiian Electric common stock they
own. The investigation concerns whether the Board
of Hawaiian Electric breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether NextEra
Energy is underpaying for Hawaiian Electric
shares.
If you own shares of Hawaiian Electric common stock and wish to
discuss the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or calling toll free
877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-brodsky--smith-llc-announces-investigation-of-the-board-of-directors-of-hawaiian-electric-industries-inc-regarding-the-fairness-of-the-sale-of-the-company-to-nextera-energy-inc-300010058.html
SOURCE Brodsky & Smith, LLC