Lundy Law Commences An Investigation Into The Proposed Acquisition Of TECO Energy, Inc.
Lundy Law is investigating potential claims against the Board of Directors of TECO Energy, Inc. (“TECO” or the “Company”) (NYSE: TE) for possible breaches of fiduciary duty and other violations of law in connection with the proposed sale of the Company to Emera Inc. (“Emera”). Under the terms of the proposed transaction, TECO shareholders will receive $27.55 for each common share of TECO they own.
Among other things, the investigation concerns whether the proposed transaction adequately values the Company and whether the Board of Directors of TECO has engaged in a proper process in order to achieve the best possible value for the Company’s shareholders.
If you own shares of TECO common stock and wish to discuss the legal ramifications of the investigation, or have any questions, contact Lundy Law who will, without obligation or cost to you, answer your questions. For more information you may contact David Promisloff, co-counsel to Lundy Law directly at 1-800-LundyLaw, or visit https://www.lundylaw.com/press-releases/TE.
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