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: firstname.lastname@example.org Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
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