ENVENTIS SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Eventis Corporation Board of Directors in Connection With the Proposed Sale of the Company to Consolidated Communications Holdings Inc. Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Enventis Corp.
NEW YORK, July 7, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Enventis Corp. ("Enventis" or the "Company") (Nasdaq: ENVE) for potential breaches of fiduciary duties in connection with the sale of the Company to Consolidated Communications Holdings Inc. ("Consolidated Communications") (Nasdaq: CNSL) in an all-stock deal valued at approximately $350 million. Consolidated Communications will acquire all of Enventis' 13.8 million shares outstanding. Under the terms of the agreement, Enventis shareholders will receive approximately 0.7402 shares of Consolidated Communications for each share of Enventis common stock they own, or about $16.50 based on Consolidated Communication's June 27th, 2014 close.
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The investigation focuses on whether Enventis' Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Enventis' shareholders.
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If you own common stock in Eventis and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ENVE or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
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New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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