INTEGRYS ENERGY GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A.
Announces Investigation Of Buyout
WILMINGTON, Del., July 8, 2014
WILMINGTON, Del., July 8, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:
oDo you own shares of Integrys Energy Group, Inc. (NYSE: TEG)?
oDid you purchase any of your shares prior to June 23, 2014?
oDo you think the proposed buyout price is too low?
oDo you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Integrys Energy Group, Inc.
("Integrys" or the "Company") (NYSE: TEG) regarding possible breaches of
fiduciary duties and other violations of law related to the Company's entry
into an agreement to be acquired by Wisconsin Energy Corporation ("Wisconsin
Energy") (NYSE: WEC), in a transaction valued at approximately $9.1 billion.
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Under the terms of the agreement, public shareholders of Integrys would
receive $18.58 in cash and 1.128 shares of Wisconsin Energy for each share of
Integrys they own. Based on Wisconsin Energy's closing stock price on June
20, 2014, Integrys shareholders would have received consideration valued at
approximately $71.47 per share.
The investigation concerns whether Integrys's board of directors failed to
adequately shop the Company and obtain the best possible value for Integrys's
shareholders before entering into an agreement with Wisconsin Energy.
If you own the common stock of Integrys and purchased your shares before June
23, 2014, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky &
Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to email@example.com, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
Fax: (302) 654-7530
SOURCE Rigrodsky & Long, P.A.
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