WILMINGTON, Del., June 03, 2019 (GLOBE NEWSWIRE) — Rigrodsky & Long, P.A.:
- Do you own shares of El Paso Electric Company (NYSE: EE)?
- Did you purchase any of your shares prior to June 3, 2019?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of El Paso Electric Company (“El Paso Electric” or the “Company”) (NYSE: EE) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by the Infrastructure Investments Fund, an investment vehicle advised by J.P. Morgan Investment Management Inc., in a transaction valued at approximately $4.3 billion. Under the terms of the agreement, shareholders of El Paso Electric will receive $68.25 in cash for each share of El Paso Electric common stock.
If you own common stock of El Paso Electric and purchased any shares before June 3, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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