NEW YORK, May 31, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Westar Energy, Inc. ("Westar" or the "Company") (NYSE: WR) concerning the proposed sale of the Company to Great Plains Energy Incorporated ("Great Plains").
Under the terms of the offer, Great Plains will pay $51 per share in cash and $9 per share in stock and will assume $3.6 billion in Westar's debt.
Our investigation concerns whether the Westar board of directors fulfilled its fiduciary duties maximizing the value of the Company, obtained full and fair consideration for Company stockholders, and adequately shopped the Company prior to entering into the agreement with Great Plains.
If you own Westar 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:
Robert I. Harwood, Esq.
Daniella Quitt, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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.
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SOURCE Harwood Feffer LLP