WILMINGTON, Del., Oct. 27, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Piedmont Natural Gas Co. Inc. (NYSE: PNY)?
- Did you purchase any of your shares prior to October 26, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Piedmont Natural Gas Co. Inc. ("Piedmont" or the "Company") (NYSE: PNY) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Duke Energy Corporation ("Duke") (NYSE: DUK), in a transaction valued at approximately $4.9 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/piedmont-pny.
Under the terms of the agreement, shareholders of Piedmont will receive $60.00 in cash for each share of Piedmont common stock owned.
The investigation concerns whether Piedmont's board of directors failed to adequately shop the Company and obtain the best possible value for Piedmont's shareholders before entering into the agreement with Duke.
If you own the common stock of Piedmont and purchased your shares before October 26, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail at [email protected]; or at: http://www.rigrodskylong.com/investigations/piedmont-pny.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation, and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Rigrodsky & Long, P.A.