SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Integrys
Energy Group, Inc. in Connection with the Proposed Sale of The Company to
Wisconsin Energy Corp.
STEVENSON, Md. -- July 2, 2014
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Integrys Energy Group, Inc.
(“Integrys” or the “Company”) (NYSE: TEG) and other violations of state law by
the board of directors of Integrys relating to the proposed buyout of the
Company by Wisconsin Energy Corp. (“Wisconsin Energy”).
On June 23, 2014, Integrys and Wisconsin Energy announced the signing of a
definitive merger agreement pursuant to which Wisconsin Energy will acquire
Integrys in a merger valued at approximately $9.1 billion. Under the terms of
the transaction, Integrys shareholders will receive a total consideration of
$71.47 made up of 74% stock and 26% cash per Integrys share owned. The firm’s
investigation seeks to determine, among other things, whether the Company’s
board of directors breached their fiduciary duties by failing to maximize
shareholder value before agreeing to enter into this transaction, and whether
Wisconsin Energy is underpaying for Integrys shares.
If you currently own common stock of Integrys and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also request
more information by contacting Brower Piven either by email at
firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities
and other class action cases and have been advocating for the rights of
shareholders since the 1980s.
Brower Piven, A Professional Corporation
Charles J. Piven
1925 Old Valley Road
Stevenson, Maryland 21153
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