WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Westar Energy, Inc. (NYSE: WR)?
- Did you purchase any of your shares prior to May 31, 2016?
- Do you think the proposed buyout value 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 Westar Energy, Inc. (“Westar” or the “Company”) (NYSE: WR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Great Plains Energy Incorporated (“Great Plains Energy”) (NYSE: GXP), in a transaction valued at approximately $8.6 billion.
Click here to learn more: http://rigrodskylong.com/investigations/westar-energy-inc-wr.
Under the terms of the agreement, shareholders of Westar will receive $60.00 per share of total consideration for each share of Westar common stock, consisting of $51.00 in cash and $9.00 in Great Plains Energy common stock for each share of Westar common stock.
The investigation concerns whether Westar’s board of directors failed to adequately shop the Company and obtain the best possible value for Westar shareholders before entering into an agreement with Great Plains Energy.
If you own the common stock of Westar and purchased your shares before May 31, 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 firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/westar-energy-inc-wr.
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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