WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Hawaiian Telcom Holdco, Inc. (NASDAQ GS: HCOM)?
- Did you purchase any of your shares prior to July 10, 2017?
- Do you think the proposed buyout is fair?
- 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 Hawaiian Telcom Holdco, Inc. (“Hawaiian Telcom” or the “Company”) (NASDAQ GS: HCOM) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Cincinnati Bell Inc. (“Cincinnati Bell”) (NYSE: CBB) in a transaction valued at approximately $650 million. Under the terms of the agreement, shareholders of Hawaiian Telcom will have the option to elect either $30.75 in cash, 1.6305 shares of Cincinnati Bell common stock, or a mix of $18.45 in cash and 0.6522 shares of Cincinnati Bell common stock for each share of Hawaiian Telcom common stock.
If you own common stock of Hawaiian Telcom and purchased any shares before July 10, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, 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, or by e-mail at firstname.lastname@example.org.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
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