Faruqi & Faruqi, LLP Announces Investigation of CH Energy Group, Inc. (CHG)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CH Energy Group, Inc. (“CH Energy Group” or the “Company”) (NYSE: CHG) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Fortis Inc. in an all-cash deal valued at about $1.5 billion, including the assumption of approximately $500 million of debt on closing.  Under the terms of the proposed transaction, CH Energy Group stockholders will receive $65.00 in cash for each share of CH Energy Group common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $69.00 for CH Energy Group.

Whether CH Energy Group’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues CH Energy Group’s shares and by how much this proposed transaction undervalues the Company to the detriment of CH Energy Group’s shareholders are the key focus of this investigation.