SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Enventis Corp. In Connection With The Proposed Sale Of The Com...
2014年7月10日 - 1:08AM
ビジネスワイヤ(英語)
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the board of directors of Enventis Corporation (“Enventis”
or the “Company”) (NASDAQ: ENVE) relating to the proposed buyout of
the Company by Consolidated Communications Holdings Inc.
(“Consolidated Communications”).
On June 30, 2014, Enventis and Consolidated Communications
announced the signing of a definitive agreement pursuant to which
Consolidated Communications will acquire Enventis in a merger
valued at approximately $350 million.
Under the terms of the transaction, shareholders of Enventis are
anticipated to receive 0.7402 shares of Consolidated Communications
common stock for each share of Enventis common stock they own, or
approximately $16.50 based on Consolidated Communication’s June 27,
2014 close.
The firm’s investigation seeks to determine, among other things,
whether the Company’s board of directors breached their fiduciary
duties by failing to maximize shareholder value before agreeing to
enter into this transaction, and whether Consolidated
Communications is underpaying for Enventis shares.
If you currently own common stock of Enventis and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
Enventis Corp (NASDAQ:ENVE)
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Enventis Corp (NASDAQ:ENVE)
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