An investigation on behalf of investors of Vectren Corporation (NYSE: VVC) in connection with the proposed takeover was announced and NYSE: VVC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/02/2018 -- The takeover of Vectren Corporation is under investigation over possible wrongdoing.
Investors who purchased shares of Vectren Corporation (NYSE: VVC) and currently hold any of those NYSE: VVC shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Vectren Corporation breached their fiduciary duties owed to NYSE: VVC investors in connection with the proposed acquisition.
On April 23, 2018, CenterPoint Energy, Inc. (NYSE: CNP) and Vectren Corporation (NYSE: VVC) announced they have entered into a merger agreement. Under the terms of the agreement Vectren Corporation (NYSE: VVC) shareholders will receive $72.00 in cash for each share of Vectren common stock.
However, the investigation concerns whether the offer is unfair to Vectren Corporation (NYSE: VVC stockholders. More specifically, the investigation concerns whether the Vectren Corporation (NYSE: VVC Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Vectren Corporation reported that its annual Total Revenue rose from over $2.44 billion in 2016 to over $2.65 billion in 2017 and that its Net Income increased from$211.4 million in 2016 to $216 million in 2017.
On May 1, 2018, NYSE: VVC shares closed at $70.21 per share
Those who are current investors in Vectren Corporation (NYSE: VVC) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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