WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Enventis Corporation (NASDAQ GS: ENVE)?
- Did you purchase any of your shares prior to June 30, 2014?
- Do you think the proposed buyout price 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 Enventis Corporation (“Enventis” or the “Company”) (NASDAQ GS: ENVE) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Consolidated Communications Holdings, Inc. (“CNSL”) (NASDAQ GS: CNSL), in a transaction valued at approximately $350 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/enventis-corporation-enve.
Under the terms of the agreement, public shareholders of Enventis would receive 0.7402 shares of CNSL for each share of Enventis they own. Based on CNSL’s closing stock price on June 27, 2014, Enventis shareholders would have received consideration valued at approximately $16.50 per share.
The investigation concerns whether Enventis’s board of directors failed to adequately shop the Company and obtain the best possible value for Enventis’s shareholders before entering into an agreement with CNSL.
If you own the common stock of Enventis and purchased your shares before June 30, 2014, 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 to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/enventis-corporation-enve.
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.
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