An investigation for investors in NYSEMKT:EGAS shares was announced concerning whether the takeover of Gas Natural Inc. for $13.10 per share is unfair to NYSEMKT:EGAS stockholders.
Investors who purchased shares of Gas Natural Inc (NYSEMKT:EGAS) and currently hold any of those NYSEMKT:EGAS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of NYSEMKT:EGAS breached their fiduciary duties owed to NYSEMKT:EGAS investors in connection with the proposed acquisition.
On October 10, 2016, Gas Natural Inc (NYSEMKT:EGAS) announced the signing of a definitive merger agreement with an energy infrastructure investment fund sponsored by First Reserve. Under the terms of the agreement, First Reserve has agreed to acquire all of the outstanding shares of Gas Natural Inc (NYSEMKT:EGAS) common stock for $13.10 per share, for a total enterprise value of approximately $196 million.
However, the investigation concerns whether the offer is unfair to NYSEMKT:EGAS stockholders. More specifically, the investigation concerns whether the Gas Natural Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Those who are current investors in NYSEMKT:EGAS shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com