Hawaiian Electric Industries, Inc. (NYSE: HE)


The firm is investigating potential claims against Hawaiian Electric Industries, Inc. (“HEI” or the “Company”) (HE) concerning the proposed acquisition of the Company by NextEra Energy, Inc. (“NextEra”) (NEE). Additionally, and contingent upon the completion of the proposed transaction, HEI announced a plan to spin off ASB Hawaii, the parent company of American Savings Bank, to HEI shareholders and establish it as an independent publicly traded company.

Under the terms of the definitive agreement, HEI stockholders are expected to receive a total value estimated at $35.50 per share, consisting of a one-time cash dividend payment of $0.50 and 0.2413 shares of NextEra common stock for each share of HEI common stock they own, and approximately $8.00 per share of ASB Hawaii. The transaction is valued at approximately $2.60 billion.

The investigation concerns whether the HEI Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.

If you are a current shareholder and would like to discuss your options of exercising your rights as a shareholder, which include ensuring that the company is getting the highest possible price for the company, and that the board of directors will act in the best interest of the shareholders, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.

Personal Information
Name:
Phone #:
E-mail Address:
Stock Information
Do you currently own the stock? Yes   No
Purchase Date:
Quantity Purchased:
Purchase Price Per Share:

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