NEW YORK, June 23, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Integrys Energy Group Inc. ("Integrys" or the "Company") (NYSE: TEG). It was announced that Wisconsin Energy Corp. and Integrys entered into a definitive merger agreement under which Wisconsin Energy will acquire Integrys. Under the terms of the agreement, Wisconsin Energy will acquire all the outstanding common shares of Integrys common stock at a fixed exchange ratio of 1.128 Wisconsin Energy Shares plus $18.58 in cash per Integrys share. The total consideration is valued at $71.47 per Integrys share.
The investigation concerns whether the board of directors and senior management of Integrys engaged in a full and fair auction and process to insure that shareholders obtained the maximum value for their shares, whether the merger price is unfairly low and whether there were any conflicts of interest on the part of management and the board in selling the company.
If you are a shareholder of Integrys and would like additional information as to how the acquisition may affect your rights as a shareholder, please call us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC