Faruqi and Faruqui, LLP Logo
Share this page

Hawaiian Electric Industries (HE)

(NYSE: HE)

Summary

HAWAIIAN ELECTRIC INDUSTRIES SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Hawaiian Electric Industries, Inc. (HE) Over the Proposed Sale of the Company to NextEra Energy, Inc. (NEE)

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Hawaiian Electric Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE: HE) for potential breaches of fiduciary duties in connection with the sale of the Company to NextEra Energy, Inc. (“NextEra”) (NYSE: NEE) for approximately $2.6 billion in a cash and stock transaction.  The Company’s stockholders will receive 0.2413 NextEra shares, and a one-time cash dividend payment of $0.50 for each share of Hawaiian Electric common stock they own.

The investigation focuses on whether Hawaiian Electric’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Hawaiian Electric’s shareholders.

If you own common stock in Hawaiian Electric and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Hawaiian Electric Industries (HE)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 12/04/2014

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.