WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of PowerSecure International, Inc. (NYSE: POWR)?
- Did you purchase any of your shares prior to February 25, 2016?
- 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 PowerSecure International, Inc. (“PowerSecure” or the “Company”) (NYSE: POWR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by an affiliate of certain funds managed by The Southern Company (NYSE: SO) (“Southern Company”), in a transaction valued at approximately $431 million.
Click here to learn more: http://rigrodskylong.com/investigations/powersecure-international-inc-powr-buyout.
Under the terms of the agreement, shareholders of PowerSecure will receive $18.75 in cash for each share of PowerSecure common stock.
The investigation concerns whether PowerSecure’s board of directors failed to adequately shop the Company and obtain the best possible value for PowerSecure shareholders before entering into an agreement with Southern Company. According to Yahoo! Finance, at least one analyst has issued a price target for PowerSecure stock at $21.00 per share.
If you own the common stock of PowerSecure and purchased your shares before February 25, 2016, 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 email@example.com, or at: http://rigrodskylong.com/investigations/powersecure-international-inc-powr-buyout.
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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