EQUITY ALERT: Rosen Law Firm Announces Investigation of Piedmont Natural Gas, Inc. Concerning its Proposed Sale to Duke Energy Corporation
Rosen Law Firm, a global investor rights law firm, announces that it is
investigating the Board of Directors of Piedmont Natural Gas, Inc.
(NYSE:PNY) for possible breaches of fiduciary duty and other violations
of law by failing to adequately shop Piedmont Natural Gas to maximize
shareholder value before agreeing to be acquired by Duke Energy
If you would like to join the action, go to the firm’s website at http://rosenlegal.com/cases-768.html
or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via
e-mail at firstname.lastname@example.org
or email@example.com. There
is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive
$60.00 in cash for each share of Piedmont Natural Gas’ common stock they
own. The proposed transaction is valued at approximately $4.9 billion.
The investigation relates to whether the proposal is fair to the public
shareholders of Piedmont Natural Gas and whether Piedmont Natural Gas’
Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of Piedmont Natural Gas and wish to obtain
additional information, please visit the firm’s website at http://rosenlegal.com/cases-768.html.
You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via e-mail at firstname.lastname@example.org
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151028006729/en/
Copyright Business Wire 2015
Source: Business Wire
(October 28, 2015 - 4:20 PM EDT)
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