NEW YORK, April 30, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Pepco Holdings Inc. (NYSE: POM) on behalf of its shareholders. Exelon Corporation (NYSE: EXC) and Pepco announced that they have signed a merger agreement under which Exelon will acquire all the outstanding common stock of Pepco for $27.25 per share in cash.
The investigation concerns whether the senior management and board of directors of Pepco breached their fiduciary duties to shareholders by not engaging in a full and fair process and auction to insure that its shareholders received the maximum value for their shares while not obtaining personal benefits for their own in self-interests not being shared with other shareholders.
If you would like additional information as to how this acquisition of Pepco affects your rights as a shareholder, please contact us at:
Tripp Levy PLLC and its affiliates have offices across the country representing bot individual and institutional shareholders and have recovered billions of dollars for shareholders around the globe in mergers and takeover matters. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC