NEW YORK, June 3, 2016 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Talen Energy
Corporation ("Talen" or the "Company") (NYSE: TLN) (ISIN:
US87422J1051) (CUSIP: 87422J105) concerning the proposed
acquisition of Talen by Riverstone Holdings LLC.
Talen shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 9980.
[Click here to join a class action]
The investigation concerns whether the Talen directors are
breaching their fiduciary duties by failing to adequately maximize
shareholder value. Under the terms of the proposed
transaction, Talen shareholders will be entitled to receive
$14.00 in cash for each share of
Talen common stock held.
However, the merger price is below a recent analyst target price
of $26.70 per share.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 80 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 9980
rswilloughby@pomlaw.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-llp-investigates-claims-that-the-merger-may-not-be-in-the-best-interest-of-investors-of-talen-energy-corporation---tln-300279493.html
SOURCE Pomerantz LLP
