Faruqi & Faruqi, LLP Announces the Investigation of Empire District Electric Company (EDE) Over the Proposed Sale of the Company to Algonquin Power & Utilities Corp.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Empire District Electric Company (“Empire” or the “Company”) (NYSE:EDE) for potential breaches of fiduciary duties in connection with the sale of the Company to Algonquin Power & Utilities Corp. for approximately $2.4 billion.
The Company’s stockholders will only receive $34.00 in cash for each share of Company common stock they own. However, this consideration offers virtually no premium over the 52-week high.
If you own common stock in Empire and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.