News By Tag
News By Location
SureWest Communications Buyout prompts Investor Investigation
An investigation on behalf of investors of SureWest Communications in connection with the takeover was announced and NASDAQ-SURW stockholders should contact the Shareholders Foundation at email@example.com
If you are a current investor in SureWest Communications shares and purchased your NASDAQ-SURW shares prior to the announcement, you have certain options and you should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigations by law firms concern whether SureWest, certain officers and directors, and/or others breached their fiduciary duties owed to SureWest Communications investors in connection with the proposed acquisition.
On Monday, February 6, 2012, SureWest Communications and Consolidated Communications Holdings, Inc. announced that they hae entered into an agreement under which Consolidated Communications Holdings will acquire all the outstanding shares of SureWest Communications in a cash and stock transaction valued at $23.00 per share, or a total of approximately $340.9 million, exclusive of debt.
However, SureWest Communications’
Therefore the investigation for NASDAQ-SURW investors concerns whether the SureWest Communications Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to SureWest Communications shareholders by failing to adequately shop the Company before entering into this transaction.
Those who are current investors in SureWest Communications and purchased your SureWest Communications (SURW) shares prior to the announcement, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
# # #
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.