NEW YORK, Feb. 3, 2016 /PRNewswire/ -- Milberg LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Questar Corporation
("Questar ") (NYSE: STR) in connection with the proposed
acquisition of Questar by Dominion Resources, Inc. ("Dominion")
(NYSE: D).
On February 1, 2016, Questar
announced that it had entered into an agreement and plan of merger
to be acquired by Dominion in an all-cash transaction. Under
the terms of the proposed transaction, Questar's stockholders will
receive only $25.00 in cash for each
share of Questar stock owned. However, Questar common stock has
traded at above the proposed offer price as recently as
February 3, 2015, when it reached
$26.06 per share, and has been given
a per share price target by analysts of $26.00 per share.
Milberg LLP's investigation focuses on the potential unfairness
of the consideration being provided to Questar's stockholders and
the process by which Questar's Board of Directors considered and
approved the proposed deal.
Concerned investors are invited to contact the Milberg attorneys
listed below to discuss the investigation, their rights, or
potential remedies.
Founded in 1965, Milberg LLP was one of the first law firms to
prosecute class actions in federal courts on behalf of investors
and consumers and has been representing investors and
consumers for more than four decades. Milberg LLP is widely
recognized as a leader in defending the rights of victims of
corporate and other large-scale wrongdoing, serving as lead counsel
in federal and state courts throughout the United States. For
more information, please visit the firm website at
www.milberg.com.
Contacts
Milberg LLP
Kent A. Bronson
kbronson@milberg.com
Arvind Khurana
akhurana@milberg.com
(212) 594-5300
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/milberg-llp-announces-investigation-of-proposed-sale-of-questar-corporation-300214640.html
SOURCE Milberg LLP