PowerSecure International, Inc. (Nasdaq: POWR)
The firm has commenced an investigation into the fairness of the sale of PowerSecure International, Inc. to Southern Company for $18.75 in cash per share. This consideration is below at least one analyst’s price target of $21.00 per share.
The investigation focuses on whether PowerSecure’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of PowerSecure’s shareholders.
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.
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