Company Website:
http://rosenlegal.com/cases-404.html
NEW YORK -- (Business Wire)
The Rosen Law Firm, P.A. announces that it is investigating the Board of
Directors of Cleco Corporation (NYSE:CNL) for possible breaches of
fiduciary duty and other violations of law by failing to adequately shop
Cleco to maximize shareholder value before agreeing to be acquired by
Macquarie Infrastructure and Real Assets and British Columbia Investment
Management Corporation, together with John Hancock Financial and other
infrastructure investors.
If you would like to join the action, go to http://rosenlegal.com/cases-404.html
or contact Phillip Kim or Kevin Chan, toll-free at 866-767-3653, or via
e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com. There
is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive
$55.37 in cash for each share of Cleco they own. The proposed
transaction is valued at approximately $4.7 billion. The investigation
relates to whether the proposal for $55.37 in cash per share is fair to
public shareholders and whether Cleco’s Board breached its fiduciary
duties in connection with the proposed sale.
If you currently own shares of Cleco and wish to obtain additional
information, please visit the website at http://rosenlegal.com/cases-404.html.
You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contacts:
The Rosen Law Firm, P.A.
Phillip Kim, Esq.
Kevin Chan, Esq.
Laurence
Rosen, Esq.
275 Madison Avenue, 34th Floor
New
York, NY 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax:
(212) 202-3827
pkim@rosenlegal.com
kchan@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com
Source: The Rosen Law Firm
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