BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of UIL Holdings Corporation ("UIL” or "the Company") (NYSE: UIL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Iberdrola USA (“Iberdrola”).
Click here to learn more about the investigation http://brodsky-smith.com/894-uil-uil-holdings-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, UIL shareholders will receive only one share in the newly-created company and $10.50 in cash for each share of UIL stock they own. The investigation concerns whether the Board of UIL breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Iberdrola is underpaying for UIL. The transaction may undervalue UIL which reported an improved financial performance and in 2014 converted over 16,000 customers to natural gas heat.
If you own shares of UIL common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/894-uil-uil-holdings-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.