STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of World Energy Solutions, Inc. (“World Energy” or the “Company”) (Nasdaq: XWES) relating to the proposed buyout of the Company by EnerNOC, Inc. (“EnerNOC”).
On November 4, 2014, World Energy announced that it had entered into an agreement to be acquired by EnerNOC, Inc. Under the terms of the transaction, World Energy shareholders are anticipated to receive $5.50 in cash for each share of World Energy common stock they own.
The firm’s investigation seeks to determine, among other things, whether World Energy’s Board of Directors failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for World Energy stock at $7.00 per share.
If you currently own common stock of World Energy and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.