NEW YORK, Feb. 10, 2016
/PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating
potential claims against the board of directors of The Empire
District Electric Company ("EDE" or the "Company") (NYSE: EDE)
concerning the proposed acquisition of the Company by Algonquin
Power & Utilities Corp. ("Algonquin").
Under the terms of the offer, Algonquin would acquire EDE in a
transaction valued at approximately $2.4
billion. Pursuant to the deal, EDE stockholders would
receive $34 in cash per share
owned.
Our investigation concerns whether the EDE 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 EDE 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.
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